‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate

Ohio’s HB 116 offers tax exemption on Bitcoin payments under $200 and mining protections. Ohio pursues Strategic Bitcoin Reserve bills, following Arizona and New Hampshire models. Multiple U.S. states and countries move to establish Bitcoin reserves and legal frameworks. The Ohio House of Representatives has passed a landmark “Bitcoin Rights” bill with significant bipartisan support, a move aimed at establishing the state as a premier destination for the cryptocurrency industry. The legislation, known as House Bill 116, creates a framework to encourage the everyday use of Bitcoin through a key tax exemption while also codifying legal protections for the network’s core participants. JUST IN: Ohio bill that would exempt taxes on Bitcoin payments under $200 PASSES the House. pic.twitter.com/h8TvNFbGar — Bitcoin Magazine (@BitcoinMagazine) June 18, 2025 The bill’s passage signals a deliberate strategy by Ohio lawmakers to compete for investment and talent in the digital asset economy, placing the state at the forefront of a national trend in crypto-focused legislation. A ‘De Minimis’ Exemption to Drive Adoption A central provision of the bill is a “d… The post ‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate appeared first on Coin Edition .

Source: Coin Edition