Ohio House Passes Bill Allowing up to $200 Tax-Free Crypto Payments

Ohio House of Representatives Passed House Bill 116

The Ohio House of Representatives passed House Bill 116, the Ohio Blockchain Basics Act, on June 18, 2025, with a 68-26 vote. The bill exempts cryptocurrency transactions under $200 from state capital gains taxes, aiming to simplify small purchases like coffee or tips and boost everyday crypto use. Known as the “de minimis” exemption, this […] The post Ohio House of Representatives Passed House Bill 116 appeared first on Tekedia.

Ohio Crypto Tax Breakthrough: State House Approves $200 Exemption Bill

BitcoinWorld Ohio Crypto Tax Breakthrough: State House Approves $200 Exemption Bill Big news out of the Buckeye State! The Ohio House of Representatives has taken a significant step that could make small cryptocurrency transactions much simpler for residents. In a move that has captured the attention of the crypto community, lawmakers in Ohio have passed a bill aiming to exempt certain cryptocurrency transactions from capital gains tax. This dev…

Ohio's House of Representatives Passes Crypto Bill to Allow $200 Tax Free Threshold for Crypto Transactions

Ohio’s House of Representatives has passed a bill that incentivises crypto use, such as mining and staking activities, and exempts crypto transactions from capital gains tax. If passed by the Senate, the new laws would exempt crypto transactions that fall below a $200 threshold from requiring capital gains tax. The threshold exemption would encourage using Bitcoin as a form of money. If passed by the Senate, the new laws in Ohio may provide some…

'Buy a Coffee With Crypto': Ohio Bill With $200 Tax Break Advances to Senate

Ohio’s HB 116 offers tax exemption on Bitcoin payments under $200 and mining protections. Ohio pursues Strategic Bitcoin Reserve bills, following Arizona and New Hampshire models. Multiple U.S. states and countries move to establish Bitcoin reserves and legal frameworks. The Ohio House of Representatives has passed a landmark “Bitcoin Rights” bill with significant bipartisan support, a move aimed at establishing the state as a premier destinatio…

Ohio Advances Bill 116 to Exempt Small Crypto Transactions and Protect Mining Rights

Ohio House Bill 116 exempts crypto transactions below $200 from state capital gains taxes, with annual inflation-based adjustments. The bill legalizes crypto mining in residential and industrial zones, barring targeted restrictions and unfair rezoning. Blockchain activities like staking, node operation, and swaps will not require a money transmitter license in Ohio. Ohio’s House of Representatives passed a bill this week that exempts certain cry…

Ohio House passes bill allowing up to $200 tax-free crypto payments

Ohio’s House passed the Ohio Blockchain Basics Act on Wednesday, which would tax-exempt crypto payments under $200 and protect various crypto activities like mining and staking.