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AZ SB1197

Bill

Official Source

Status

Engrossed

2/16/2024

Primary Sponsor

Wendy Rogers

Click for details

Origin

Senate

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Exempts virtual currency from property taxation in Arizona.
  • Defines virtual currency as a digital representation of value functioning as a medium of exchange, unit of account, and store of value, excluding representations of U.S. dollars or foreign currencies.
  • Bill becomes effective only if Arizona voters approve Senate Concurrent Resolution 1010 at the next general election, which must amend the state Constitution regarding property tax exemptions.

Legislative Description

Virtual currency; property tax exemption

Property Tax Exemptions

Last Action

House read second time

2/21/2024

Committee Referrals

Rules2/20/2024
Ways and Means2/16/2024
Rules1/24/2024
Finance and Commerce1/24/2024

Full Bill Text

No bill text available