This makes Colorado is the first state in the country that has started accepting cryptocurrency to pay taxes.
“As of right now, the state of Colorado is officially accepting cryptocurrency as a payment option for all taxes,” Polis said. “We’ve been talking about this for a while. We said we would deliver by the end of summer and we have.”Denver Startup Week.Coloradans can use digital currency to pay taxes of all kinds: personal and business income, withholding, sales and use, severance and excise fuel taxes.
The Polis administration has said Colorado is the first state in the country that has started accepting cryptocurrency to pay taxes. Department of Revenue spokesman Daniel Carr said the state of Ohio had a pilot program a few years ago, but didn’t proceed with accepting the digital currency.to make payments to participating government agencies and political subdivisions, said Heather Morton, who works on cryptocurrency and digital assets issues for the National Conference of State Legislatures.
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