AZ SB1026

Adds section 42-11134 to Arizona Revised Statutes establishing a property tax exemption for virtual currency.

Defines virtual currency as a digital representation of value that functions as a medium of exchange, unit of account, and store of value, excluding representations of U.S. dollars or foreign currencies.

Exempts virtual currency from Arizona taxation.

Act is conditional and only becomes effective if Arizona voters approve Senate Concurrent Resolution 1001 (57th Legislature, first regular session) amending the Arizona Constitution regarding property tax exemptions at the next general election.