Arizona has a new bill, which proposes the use of bitcoin for the payment of income taxes.

The bill was submitted by 4 senators from the Republican Party by Warren Petersen and David Farnsworth, Travis Grantham and Jeff Wynninger.

The code of the bill is SB 1091, and the short name sounds like "Income tax payment: bitcoin". While the bill is relevant for the state of Arizona, but if it is adopted and will work well, it can serve as an impetus for the federal law.

In addition to the old-fashioned way of paying taxes, in the US it's checks, the bill also suggests using:.

Bitcoin or other crypto-currencies in which electronic peer-to-peer systems are used. The department must convert payments in the crypto currency into US dollars at the current rate within 24 hours after receipt and then credited to the account of a particular taxpayer.

Of course, there are certain risks, the main one of which is the high volatility of the bitcoin price. For example, the price for bitcoin in early 2017 was about $ 1000 and almost $ 20,000 at the end of the year.

Arizona is not the only state in the United States, in which there was a proposal to use bitcoin for paying taxes.

Last year, around the same time, New Hampshire politicians presented a similar bill. Nevertheless, this bill was never adopted.

Meanwhile, Arizona differs from other states in its progressive attitude towards new technologies. Governor Doug Daisy, for example, is a supporter of the economy of joint consumption. In 2016, he signed a law that provides for the use of blocking technology in sales and lease contracts. So it is quite possible that in Arizona the bill on paying taxes in bitcoins will suffer a better fate.