Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 2137 temporarily reduces the state sales and use tax rate to 5.25% for transactions made using a decentralized blockchain network with smart contract functionality. This reduced rate applies only during calendar years 2026 and 2027 and is capped at a $400,000 reduction in total sales tax revenue per year. The comptroller is required to track and notify taxpayers when the cap is reached. The bill’s provisions expire on January 1, 2028
Author (1)
Contact the Author
Rep. Salman Bhojani
Capitol Phone:
(512) 463-0522
Capitol Office:
EXT E2.906
E-Mail:
