AN ACT relating to the commercial mining of cryptocurrency.
Summary
Amend KRS 154.27-010 to define "colocation facility" and "computing system node"; amend KRS 154.27-020 to provide sales tax incentives on purchase of computing system nodes; amend KRS 154.27-030 to prevent delays in processing application; allow the authority to issue preliminary and final approval at the same meeting; amend KRS 154.27-070 to allow certain incentives for colocation facilities as of the date of application once final approval is received; EFFECTIVE August 1, 2022.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
Governor
Introduced Mar 3, 2022
Last action Mar 7, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Mar 7, 2022
Committee
to Appropriations & Revenue (S)
upper
Mar 3, 2022
Committee
to Committee on Committees (S)
upper
Mar 3, 2022
Introduced
introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brandon Smith
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 340
Scope: KY
Hi! I can help you understand SB 340. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline