Colorado Now Accepting Tax Payments In Crypto

According to the Colorado Business Journal, Colorado taxpayers will now be able to pay for state taxes with cryptocurrencies. Colorado Governor Jared Polis outlined his plan to release this feature on an appearance on CoinDesk TV in February 2022. Polis stated that the state wanted to offer as many payment options as possible. 

During the Governor's appearance, he explained that they were still seeking companies to handle the crypto transactions. The state seems to have decided on using Paypal. Paypal has a crypto hub that allows crypto payments for an additional fee. 

This payment option extends to all state taxes, including individual and business income taxes, sales and use taxes, severance taxes, and fuel taxes.

As a state, we're on the forefront of digital innovation, whether it's applying blockchain and shared-ledger technology as a new model for funding, or whether it's simply being consumer-friendly and making sure that we allow for the kind of innovation that will disrupt legacy business practices and government practices to make them more efficient
Gov. Polis

Denver Startup Week kicked off yesterday (Sept 19) with this announcement from Polis. Events are split into 8 tracks: Designer, Developer, Founder, Growth, Maker, People, Product, and Spotlight. 

There will also be an in-person job fair tomorrow (Sept 21).

As Governor, Polis has focused on saving Coloradans money. Polis delivered universal free full-day kindergarden, signed multiple bills on health care, and is working towards the goal of fully renewably energy by 2040. Polis also previously served on the State Board of Education and represented Colorado’s 2nd Congressional district.