Imposes a two-tenths percent tax on digital asset transactions to fund substance abuse prevention programs in upstate New York schools.
The bill introduces a two-tenths percent tax on digital asset transactions, including sales or transfers of digital assets, to support the expansion of substance abuse prevention and intervention programs in schools across upstate New York. The tax applies to digital assets such as digital currencies, digital coins, and digital non-fungible tokens. The revenue generated from this tax will be directed towards enhancing substance abuse prevention efforts in educational institutions in upstate New York.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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