"In New Jersey, two legislators have brought a bill to the state legislature (A4478) that will create a regulatory framework for Bitcoin-related companies. Both the legislators and some in the Bitcoin community have touted the bill as a positive step towards bringing the cryptocurrency to the mainstream."
A4478, alternatively titled the “Digital Currency Jobs Creation Act,” was introduced with the purpose of helping to create jobs within the state. The bill aims to achieve this goal by giving tax breaks to Bitcoin related companies located within New Jersey who reach a certain job creation threshold. In order for digital currency companies to enjoy this benefit, the bill states that a minimum of 10 to 25 people must be employed, which is a lower requirement than other businesses have to meet to reap the same benefits. In effect, giving tax breaks to “digital currency companies” should legally incentivize them to innovate further and allow them to prosper through the confines of New Jersey law.
Full Story: http://insidebitcoins.com/news/legislators-to-introduce-pro-bitcoin-bill-in-new-jersey/32904
