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TechFlow reported on January 14 that, according to Bitcoin Archive, the U.S. state of Rhode Island has proposed a bill to exempt bitcoin transactions from state income and capital gains taxes for annual transaction amounts not exceeding $20,000.
According to Bitcoin Archive, the U.S. state of Rhode Island has proposed a Bitcoin tax exemption bill that would exempt small Bitcoin transactions with annual transaction amounts not exceeding $20,000 from state income tax and capital gains tax.
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