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AZ SCR1003

Concurrent Resolution

Status

Engrossed

2/25/2026

Primary Sponsor

Wendy Rogers

Click for details

Origin

Senate

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Proposes a constitutional amendment to exempt 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 US dollars or foreign currency
  • Adds virtual currency to the self-executing exemptions in Article IX, Section 2, meaning owners would not need to take affirmative action to receive the exemption
  • Requires voter approval at the next general election to amend the Arizona Constitution

Legislative Description

Property tax; exemption; virtual currency

Constitutional Amendments (arizona)

Last Action

House read second time

3/5/2026

Committee Referrals

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

Full Bill Text

No bill text available