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AZ SB1044

AZ SB1044
Property tax; exemption; virtual currency


summary

Introduced
01/12/2026
In Committee
02/02/2026
Crossed Over
02/25/2026
Passed
Dead

Introduced Session

Fifty-seventh Legislature - Second Regular Session (2026)

Bill Summary

AN ACT amending title 42, chapter 11, article 3, Arizona Revised Statutes, by adding section 42-11134; relating to property tax exemptions.

AI Summary

This bill proposes to exempt virtual currency from property taxation in Arizona, defining virtual currency as a digital representation of value that can be used as a medium of exchange, a unit of account, and a store of value, but specifically excluding representations of the U.S. dollar or foreign currencies. This exemption will only take effect if the Arizona Constitution is amended through a vote of the people at the next general election, contingent on the passage of a related Senate Concurrent Resolution concerning property tax exemptions.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

House read second time (on 03/03/2026)

bill text


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