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AZ SB1128
Bill
Status
Introduced
1/11/2022
Primary Sponsor
Wendy Rogers
Click for details
AI Summary
- Exempts virtual currency from taxation under Arizona property tax law.
- Defines "virtual currency" as a digital representation of value (other than U.S. dollars or foreign currency) that functions as a unit of account, store of value, or medium of exchange.
- Adds section 42-11134 to Title 42, Chapter 11, Article 3 of Arizona Revised Statutes.
- Enactment is conditional on Arizona voters approving a constitutional amendment to exempt virtual currency from property tax at the next general election.
Legislative Description
Virtual currency; property tax exemption
Exemption
Last Action
Senate read second time
1/12/2022
Committee Referrals
Rules1/11/2022
Finance1/11/2022
Full Bill Text
No bill text available