LB526

Nebraska LB526 provides powers and duties for public power districts related to cryptocurrency mining operations.

Nebraska LB526 defines cryptocurrency mining and cryptocurrency mining operations. It allows public power districts to require direct payments or letters of credit from cryptocurrency mining operations for infrastructure upgrades necessitated by such operations and to impose terms and conditions on such operations. The bill also imposes an excise tax of two and one-half cents per kilowatt hour on the energy used by cryptocurrency mining operations.