LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 6565 NOTE PREPARED: Dec 11, 2024
BILL NUMBER: HB 1156 BILL AMENDED:
SUBJECT: Digital Asset Mining.
FIRST AUTHOR: Rep. Pierce K BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: No Fiscal Impact
DEDICATED
FEDERAL
Summary of Legislation: The bill prohibits a county, municipality, or township (unit) from adopting or
enforcing an ordinance that would have the effect of prohibiting, restricting, or impairing an individual's or
a business's ability to: (1) use digital assets to purchase legal goods and services; (2) accept digital assets as
a method of payment for legal goods and services; (3) use a hardware wallet or self-hosted wallet to store
the individual's or business's digital assets; (4) take custody of digital assets by using a hardware wallet or
self-hosted wallet; or (5) operate a node for the purpose of connecting to a blockchain protocol and
participating in the blockchain protocol's operations.
The bill provides that use of a property for a digital asset mining business is a permitted industrial use under
any applicable zoning ordinance of a unit and may not be disallowed by a zoning ordinance in a zoning
district that permits industrial use. The bill prohibits a unit from applying the unit's zoning ordinances in
specified ways to regulate digital asset mining.
Effective Date: July 1, 2025.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures: The prohibition of ordinances for the use and storage of digital assets
by an individual or business and the allowance of property to be zoned for industrial use by digital asset
mining businesses will not have any fiscal impact.
Explanation of Local Revenues:
State Agencies Affected:
Local Agencies Affected:
HB 1156 1 Information Sources:
Fiscal Analyst: Chris Baker, 317-232-9851.
HB 1156 2