Arizona lawmaker proposes barring taxes on crypto and blockchain

Arizona State Senator Wendy Rogers has introduced two bills and one resolution aimed at changing how digital assets and blockchain technology are taxed in the state. Specifically, SB 1044 seeks to exempt virtual currency from taxation, SB 1045 would prohibit counties, cities, and towns from taxing or fining entities running blockchain nodes, and SCR 1003 would amend the state constitution to clarify property tax rules regarding digital assets. While SB 1045 might pass through the legislature, the crypto tax bill and the constitutional resolution require a vote by Arizona voters in the November 2026 general election. Rogers previously co-sponsored a vetoed Bitcoin reserve bill and is part of a national trend where states like New Hampshire and Texas also have digital asset reserve laws, contrasting with proposals in states like Ohio (exempting small transactions) or New York (proposing an excise tax).

(Source：Cointelegraph)