Nevada is the first state to ban local government from taxing blockchain use.

Updates are marked in blue.

Senate Bill No. 398–Senator Kieckhefer

AN ACT relating to electronic transactions; recognizing blockchain
technology as a type of electronic record for the purposes of
the Uniform Electronic Transactions Act; prohibiting a local
government from taxing or imposing restrictions upon the
use of a blockchain; and providing other matters properly
relating thereto.

Legislative Counsel’s Digest:
Existing law gives legal recognition to electronic records, signatures and
contracts that comply with certain requirements and allows an electronic record or
signature to satisfy a requirement for a written record or signature in certain
circumstances. (NRS 719.240-719.350) Section 1 of this bill defines the term
“blockchain,” and section 3 of this bill includes blockchain within the definition of
electronic record for similar purposes. Sections 4 and 6 of this bill prohibit a local
government from: (1) imposing a tax or fee on the use of a blockchain; (2)
requiring a certificate, license or permit to use a blockchain; and (3) imposing any
other requirement relating to the use of a blockchain.

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. Chapter 719 of NRS is hereby amended by adding
thereto a new section to read as follows:
“Blockchain” means an electronic record of transactions or
other data which is:
1. Uniformly ordered;
2. Redundantly maintained or processed by one or more
computers or machines to guarantee the consistency or
nonrepudiation of the recorded transactions or other data; and
3. Validated by the use of cryptography.
Sec. 2. NRS 719.020 is hereby amended to read as follows:
719.020 As used in this chapter, unless the context otherwise
requires, the words and terms defined in NRS 719.030 to 719.180,
inclusive, and section 1 of this act have the meanings ascribed to
them in those sections.
Sec. 3. NRS 719.090 is hereby amended to read as follows:
719.090 “Electronic record” means a record created, generated,
sent, communicated, received or stored by electronic means. The
term includes, without limitation, a blockchain.

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