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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-12-09] CD: New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay...
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LiteCoinGuy (OP)
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December 09, 2014, 04:08:24 PM
 #1
New York State Tax Agency: Bitcoin Buyers Don’t Need to Pay Sales Tax

The New York State Department of Taxation and Finance has said that bitcoin purchases will not be subject to sales taxes.

According to a tax guidance memorandum from the agency’s Taxpayer Guidance Division dated 5th December (hat tip Marco Santori), digital currencies are a type of “intangible property” and, as such, are not subject to a sales tax when purchased.

http://www.coindesk.com/new-york-state-tax-agency-bitcoin-buyers-dont-need-pay-sales-tax/
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kjlimo
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December 10, 2014, 10:18:55 AM
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Holy crap!  This is huge!

I wonder how many states will be similarly situated?
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AJinNYC
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December 10, 2014, 10:22:32 AM
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I'm shocked they didn't try to come up with some ass-backwards way to do it. They seriously turned down an opportunity to tax someone?
Done with this forum. Goodbye all.
LiteCoinGuy (OP)
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December 10, 2014, 03:52:33 PM
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Quote from: kjlimo on December 10, 2014, 10:18:55 AM
Holy crap!  This is huge!

I wonder how many states will be similarly situated?

price should be at 200 USD tomorrow  Tongue
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kjlimo
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December 11, 2014, 01:35:21 AM
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Quote from: LiteCoinGuy on December 10, 2014, 03:52:33 PM
Quote from: kjlimo on December 10, 2014, 10:18:55 AM
Holy crap!  This is huge!

I wonder how many states will be similarly situated?

price should be at 200 USD tomorrow  Tongue

Haha, because everyone will be spending?
Coinbase for selling BTCs
Fold for spending BTCs
PM me with any questions on these sites/apps!  http://www.montybitcoin.com


or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
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