AZ SCR1001

Proposes amendment to Arizona Constitution Article IX, Section 2 to add virtual currency to property tax exemptions.

Defines "virtual currency" as a digital representation of value functioning as a medium of exchange, unit of account, and store of value, excluding U.S. dollar or foreign currency representations.

Makes virtual currency exempt from property taxation, consistent with existing exemptions for household goods, inventory, and public debts.

Exemption is self-executing and requires no affirmative action by property owners to receive the benefit.

Requires voter approval and Governor's proclamation to implement the constitutional amendment.