Ohio may have been the first state in the U.S. to legalize cryptocurrencies for tax purposes, but that was just the beginning. Since making the move last November, two other states \u2013 Wyoming and New Hampshire \u2013 have stepped up and are reportedly contemplating changes to their laws that would facilities tax payments through digital assets. Now, a fourth state is reportedly considering the move, as well, and the race is on to see who will follow Ohio\u2019s lead.\u00a0 Indiana lawmakers are going to be reviewing House Bill 1683 (HB 1683), a piece of legislation introduced last Thursday. The bill seeks to have the state\u2019s General Assembly amend the Code of Indiana to allow crypto for tax purposes. If it is enacted, it would pave the way for digital assets to be used for tax payments, penalties (such as speeding tickets), special assessments and other costs that are outlined under the bill\u2019s current language.\u00a0 According to the proposal, \u201cIC 6-1.1-22-19 is added to the Indiana Code as a new section to read as follows : Sec. 19. (a) The may approve the use of one (1) or more virtual currencies to pay taxes, special assessments, penalties, interest, costs, or any other liability imposed under this article.\u201d HB 1683 further states that county treasurers \u201cshall determine the value of the payment in United States dollars at the time the payment is made by using the applicable exchange rate.\u201d\u00a0 Provided it is accepted, the law would become effective as of July 1 this year.\u00a0 Ohio was the first state to legally recognize crypto for tax payments, but it wasn\u2019t the first government entity to do so. In May of last year, Seminole County in Florida authorized Bitcoin and Bitcoin Cash for paying taxes.\u00a0 Georgia and Arizona have previously attempted to introduce crypto legislation, but those efforts fizzled almost as soon as they were introduced.\u00a0 In the case of New Hampshire, should the crypto tax law be approved, it would go into effect on July 1 of next year. Wyoming\u2019s bill, as in the case of Indiana, would be effective as of July 1 of this year.