tldr; Arizona lawmakers are advancing legislation to exempt cryptocurrency from property taxes. The Arizona Senate Finance Committee approved Senate Bill 1044 and Senate Concurrent Resolution 1003, which propose a constitutional amendment to formalize this tax exemption. If enacted, the amendment will be presented to voters in November. Senator Wendy Rogers, a proponent of crypto adoption, introduced the bills. However, Arizona’s crypto policies have faced resistance from Governor Katie Hobbs, who has vetoed several crypto-related bills in the past.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thane90 on
smart move. property tax on crypto gains never made sense anyway. hope more states follow
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tldr; Arizona lawmakers are advancing legislation to exempt cryptocurrency from property taxes. The Arizona Senate Finance Committee approved Senate Bill 1044 and Senate Concurrent Resolution 1003, which propose a constitutional amendment to formalize this tax exemption. If enacted, the amendment will be presented to voters in November. Senator Wendy Rogers, a proponent of crypto adoption, introduced the bills. However, Arizona’s crypto policies have faced resistance from Governor Katie Hobbs, who has vetoed several crypto-related bills in the past.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
smart move. property tax on crypto gains never made sense anyway. hope more states follow