Kentucky Governor Signs Tax Breaks for Crypto Miners Into Law
5 Apr 2021
News
Kentucky will offer tax breaks to cryptocurrency miners who operate in the energy-rich commonwealth under a pair of laws Governor Andy Beshear signed.
- Senate Bill 255 extends the commonwealth's clean energy-focused incentives to miners who invest at least $1 million in equipment. House Bill 230 similarly offers miners a series of sales and excise tax breaks.
- Together, the bills work to woo cryptocurrency miners, and thus business revenue and jobs, to communities whose economies have been ravaged by a manufacturing exodus from Kentucky but retain an abundance of cheap energy.
More Topics
Jodi Ashby Appointed to Kentucky Association of Economic Development Ethics & Bylaws Committee
Mar 17 2021Ohio County, KY, March 17, 2020 – Jodi Ashby, The Executive Director of the Ohio County Economic Development Alliance, (OCEDA) has just been selected to serve on The Kentucky Association of Economic Development’s (KAED) Ethics & Bylaws Committee.
KAED has been providing leadership and educational opportunities for professional economic...
MANUFACTURING CONNECTION: Implementing Sustainable Manufacturing Best Practices (March 2021)
Mar 3 2021Advantage Kentucky Alliance exists to support, empower and impact our local industry by boosting growth opportunities and productivity of Kentucky Manufacturers. Our purpose is to help our manufacturers become more globally competitive so they can retain and even create additional industry and jobs within the state of Kentucky.
View their...
Millennials Love Ohio County, Kentucky
Feb 26 2021Millennials are a vibrant part of Ohio County, Kentucky. They’re both moving into the area and staying there. Thanks to this younger influence, the county now hits all of the points on the "hipster index,” which is an economic indicator that shows a community is poised for growth and can...
