New York Bill Proposes 0.2% Tax on Crypto and NFT Transactions
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A new proposal in the New York State Assembly aims to impose a small tax on cryptocurrency sales and transfers. Assembly member Phil Steck has introduced legislation seeking a 0.2% excise tax on digital asset transactions, including cryptocurrencies and non-fungible tokens (NFTs). The bill, if passed, could reshape the way the state approaches digital finance while channeling revenue into school-based substance abuse prevention programs.
In Brief
- New York considers 0.2% tax on crypto to fund school…
