Share this article
Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin
Ohio has become the first U.S. state to allow taxes to be paid in bitcoin, starting with businesses.
Updated Sep 13, 2021, 8:37 a.m. Published Nov 26, 2018, 10:15 a.m.
Ohio has become the first U.S. state to allow taxes to be paid in bitcoin.
According to a report from The Wall Street Journal on Sunday, starting this week, companies in the state will be able to pay a variety of taxes, from tobacco sales tax to employee withholding tax to public utilities tax with the cryptocurrency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The filing process involves three steps: First, businesses will have to register with the Office of the Ohio Treasurer through a dedicated portal called OhioCrypto.com. They then need to enter tax details such as payment amount and tax period, and, finally, the due amount is paid in bitcoin using a "compatible" crypto wallet, according to the portal.
Compatible wallets include the Bitcoin Core client, Mycelium and breadwallet, and others that are compatible with the Bitcoin Payment Protocol.
All tax payments will be processed by Atlanta-based bitcoin payments processor BitPay, which will convert bitcoins to dollars for the Treasurer’s office.
While, for now, the facility is available only for businesses, it is reportedly expected to be made available to individuals in the future.
Lawmakers in other U.S. states have also considered allowing crypto tax payments in the past. Back in March, Illinois and Arizona were both weighing proposals to allow residents to pay their tax bills in bitcoin. Georgia was also considering the option in February.
However, Arizona’s lawmakers scrapped the plan two months later due to insufficient votes for the proposal. Similarly, Georgia’s proposal also stalled in April, due to a “lack of understanding” about cryptocurrency, said Senator Mike Williams at the time.
Ohio has also been working to bring other aspects of blockchain technology into law. Over the summer, the state legally recognized data stored and transacted on a blockchain, meaning electronic signatures secured through blockchain technology have the same legal standing as any other electronic signatures.
In the same month, Ohio lawmakers also pitched their state as a future hub for blockchain, hoping to both attract companies in the space and blockchain talent to the jurisdiction.
Ohio state flags image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
The bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.
What to know:
- IREN completed a refinancing deal involving a $2.3 billion convertible senior notes offering and a $544.3 million repurchase of existing notes.
- The new notes include $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe allotment.
- The transactions provided $2.27 billion in net proceeds, reduced IREN's cash coupon burden, and extended its debt maturity profile.
Top Stories
