AZ SCR1010

Proposes constitutional amendment to Article IX, Section 2 of the Arizona Constitution relating to property tax exemptions.

Adds virtual currency to the list of property exempt from taxation, defining virtual currency as a digital representation of value functioning as a medium of exchange, unit of account, and store of value other than U.S. dollars or foreign currency.

The exemption is self-executing and does not require affirmative action by persons entitled to receive the benefit.

Maintains existing property tax exemptions for federal, state, and local government property; household goods; inventory; and properties that may be exempted by legislature including educational, charitable, and religious institutions.

Directs the Secretary of State to submit the proposition to voters at the next general election if approved by the legislature.