The ban on taxing blockchain applications has officially become law, and Nevada is the first state in the United States

Nevada has officially become the first state in the United States to ban local governments from imposing taxes on blockchain applications.

According to foreign media reports, the Nevada State Assembly has passed a bill that was first introduced in March and has been sent to the state's governor, Brian Sandoval, for final decision. Public records show that Governor Sandoval approved the bill yesterday, which means that the bill has officially become the law of the state.

Back in April, Babbitt reported on the bill, which states:

“Local government entities shall not: (a) impose taxes or fees on any person or entity for the use of blockchain or smart contracts; (b) require any person or entity to obtain a certificate, license, or other relevant certification from the local government for the use of blockchain or smart contracts; or (c) impose other requirements on any person or entity for the use of blockchain or smart contracts.

The measure has broad support within the Nevada Legislature, with the Senate passing it 21-0 in April and the House later passing it unanimously, according to public records.

This is the second blockchain-related bill to be signed into law recently. On May 29, Arizona Governor Doug Ducey signed a bill recognizing the legality of blockchain signatures and smart contracts.