Arkansas HR1009 would require digital asset mining businesses to pay fees based on electrical energy usage and implement oversight procedures.
Arkansas HR1009 proposes a bill to amend the Arkansas Data Centers Act of 2023. It mandates digital asset mining businesses to pay fees to the Department of Energy and Environment for extraordinary electrical energy usage. The fees are based on a tiered scale, with amounts ranging from $25,000 to $100,000 per megawatt of energy used. The bill also requires businesses to submit estimates of their energy usage and provide documentation upon request.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.