Texas Comptroller Issues PLR on Taxability of Hosting Services for Cryptocurrency Mining Machines

The Texas Comptroller of Public Accounts Nov. 15 issued a Private Letter Ruling (PLR) regarding the taxability of hosting services for cryptocurrency mining machines. The Comptroller determined that the machine hosting service provided by the taxpayer is not a taxable service under Texas law. However, the repair and restoration of the customer’s machines, which is part of the services provided, is subject to Texas sales and use tax as it is considered a taxable repair and restoration of tangible personal property. [Tex. Comptroller of Pub. Accts., Private Letter Ruling, No. 202411011L, 11/15/24]

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