Arizona State Senator Wendy Rogers has introduced three legislative bills aimed at reforming the state's cryptocurrency tax framework. The proposed bills include SB 1044, which seeks to exempt virtual currency from state taxation, and SB 1045, which would prevent local governments from imposing taxes on blockchain node operations. Additionally, SCR 1003 proposes a constitutional amendment to exclude digital assets from property tax, pending voter approval by November 2026.
These measures are designed to reduce operational costs and attract cryptocurrency businesses to Arizona, positioning the state as a more favorable environment for blockchain innovation and investment.
Arizona Proposes Tax Exemptions for Bitcoin and Blockchain Nodes
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