SB 1044
property tax; exemption; virtual currency
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Senate Bill 1044 proposes an exemption for virtual currency from Arizona property taxes. The bill defines ‘virtual currency’ as a digital representation of value used for transactions. This exemption would apply to the value of virtual currency held as real property. However, the bill’s enactment is contingent upon voter approval through Senate Concurrent Resolution 1003.
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