The Arizona Senate Finance Committee has approved draft bills SB1044 and SCR1003, which propose exempting virtual currencies from property taxes. Passed on January 26, 2026, these bills represent a significant move towards crypto-friendly legislation in the state. If SCR1003 is approved by the legislature, it will be presented to voters in November for a constitutional amendment. This development follows previous vetoes of similar bills by Governor Hobbs in 2025.