United States of America: Fiscal Year 2024 Revenue Proposals including energy tax on digital asset mining activities
Progress
Current status
adopted
02 May 2023 adopted
09 Mar 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Released White House Digital Asset Mining Energy (DAME) Excise Tax proposal
On 2 May 2023, the White House Council of Economic Advisors released a proposal on Digital Asset Mining Energy (DAME) excise tax, following its inclusion in the FY2024 Biden Administration's budget proposal in March 2023. The proposal provided furth…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
central government
Proposed phased-in Digital Asset Mining Energy Excise Tax
On 9 March 2023, US President Joseph Biden unveiled his Budget Proposal for 2024. One of the proposals is a phased-in Digital Asset Mining Energy Excise Tax based on the electricity used in powering crypto-mining facilities. Companies involved in su…
SourceEvent type
order
Action type
announcement
Government branch
executive
Government body
central government