According to the report, four bills were introduced by two senators and now are being considered by three committees.
Senator Carol Blood of Bellevue offered three bills, he sees the measures as a way of boosting the nascent industry.
We want to have it in state statute that we embrace this technology. We can start a boom here in Nebraska without a tax credit, without tax-increment financing, without a grant.
Senator of Bellevue
LB 691 would penalise those who commit illegal acts using cryptocurrency.
LB 694 would prohibit cities and counties from taxing or regulating distributed ledger technology.
LB 695 would make smart contracts enforceable.
Senator Paul Schumacher of Columbus offered the fourth measure.
It is a fascinating subject and just maybe an opportunity for the state to be at the leading edge, instead of where we usually are and that’s at the tail’s end.
Senator of Columbus
LB 987 would require a license for some blockchain-related business transactions.
These measures are new for many in Nebraska. The blockchain technology is similar to the early days of the Internet.