Nebraska Legislature Passes Bill on Bitcoin Mining Tax

The Nebraska Legislature has approved LB 526, a bill that introduces an excise tax on large-scale Bitcoin mining operations within the state. This legislation is aimed at addressing grid cost recovery and reliability concerns. The bill was introduced in January 2025 and passed unanimously in May, reflecting bipartisan support. LB 526 specifically allows public utilities to require miners to contribute towards grid upgrades, while avoiding environmental regulations.