Failed Senate
Bitcoin protection act
DISTRIBUTED LEDGER TECHNOLOGY – Adds to existing law to establish the Distributed Ledger Technology Act to provide for certain rights regarding the use of distributed ledger technology.

RS31191 / S1296

This legislation adds a new chapter to Idaho Code related to Bitcoin mining. It contains legislative findings that Bitcoin mining brings positive economic value to individuals, corporations and other interests in the state. This legislation will protect the right of individuals and businesses to mine Bitcoin in the state of Idaho by prohibiting regulations that impose certain requirements on Bitcoin mining. This legislation also prohibits the public utilities commission from establishing rate classifications for Bitcoin mining. It further prohibits regulations that would impair the use of Bitcoin for the purchase of goods and services, and it prohibits special taxes from being enacted solely because Bitcoin is used as a method of payment in a transaction.

There is not expected to be an impact on state or local funding, since this legislation just protects private property rights related to Bitcoin and prohibits certain regulations and special taxation of Bitcoin transactions.

Bill Events
Date Description
02/09 Introduced; read first time; referred to JR for Printing
02/12 Reported Printed; referred to Commerce & Human Resources
02/29 Reported out of committee; to 14th Order for amendment
03/28 Placed in the Committee of the Whole
03/28 Reported out without recommendation, as amended
03/28 Amendments ordered printed; referred for engrossment
03/28 Amendments reported printed
03/28 Reported engrossed, filed for first reading, as amended
03/28 Read first time as amended, filed for Second Reading
03/29 Read second time as amended, filed for Third reading
04/02 Read third time in full as amended – FAILED - 17-18-0
AYES – Adams, Anthon, Bjerke, Carlson, Den Hartog, Foreman, Grow, Hart, Herndon, Lakey, Lenney, Lent, Nichols, Okuniewicz, Toews, VanOrden, Zuiderveld
NAYS – Bernt, Burtenshaw, Cook, Guthrie, Harris, Hartgen, Just, Lee, Rabe, Ricks, Schroeder, Semmelroth, Shea(Ruchti), Taylor, Trakel, Ward-Engelking, Winder, Wintrow
Absent and excused – None
Floor Sponsor - Herndon
Ret’d to House