"In bills prefiled with the Arizona Senate, Rogers proposed amending state statutes to exempt virtual currency from taxation (SB 1044), prohibiting counties, cities and towns from taxing or fining entities that operate blockchain nodes (SB 1045), and advancing a constitutional amendment to clarify how digital assets fit into Arizona's property tax framework (SCR 1003). The measures take different procedural paths."
"By contrast, SB 1044 and SCR 1003 are tied together and would ultimately require voter approval during the next general election in November 2026. SCR 1003 proposes amending Arizona's constitution to explicitly exclude virtual currency from property taxation. SB 1044 would mirror that change in state statutes, adding language that clarifies digital assets are not subject to property tax. Under Arizona law, changes to constitutional tax definitions must be approved by voters, making the ballot measure a central hurdle for the broader tax exemption effort."
Arizona state Sen. Wendy Rogers introduced three measures to change state and local tax treatment of digital assets. SB 1044 would amend statutes to exempt virtual currency from taxation while SCR 1003 would amend the state constitution to explicitly exclude virtual currency from property taxation, requiring voter approval in November 2026. SB 1045 would prohibit counties, cities and towns from imposing a tax or fee on persons that run blockchain nodes, preventing local governments from targeting node operators. The bills pursue different procedural paths and aim to create clearer, more favorable rules for cryptocurrencies and blockchain infrastructure in Arizona.
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