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Oklahoma: New Law Creates Temporary Exemption for M&E Used for Commercial Mining of Digital Assets

Starting from November 1, 2024 until December 31, 2029, H.B. 1600 exempts sales of machinery, equipment, and electricity used for commercial mining of digital assets in qualified in-state colocation facilities from Oklahoma sales tax. “Digital assets” are defined as virtual currency using blockchain technology. For further inquiries, please reach out to us.

Source Deloitte

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