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AZ SB1044

Bill

Status

Engrossed

2/25/2026

Primary Sponsor

Wendy Rogers

Click for details

Origin

Senate

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Virtual currency would be exempt from property taxation in Arizona under a new section added to state statutes (42-11134)
  • Virtual currency is defined as a digital representation of value functioning as a medium of exchange, unit of account, and store of value, excluding representations of the U.S. dollar or foreign currencies
  • The bill's enactment is conditional on voters approving a constitutional amendment through Senate Concurrent Resolution 1003 at the next general election
  • The legislation is part of the 57th Legislature's Second Regular Session in 2026

Legislative Description

Property tax; exemption; virtual currency

Property Tax

Last Action

House read second time

3/3/2026

Committee Referrals

Rules2/25/2026
Ways and Means2/25/2026
Rules1/12/2026
Finance1/12/2026

Full Bill Text

No bill text available