Arizona Lawmakers Advance Bill to Exempt Crypto From Property Taxes

In brief

• Arizona’s Senate Finance Committee advanced S.C.R. 1003 and S.B. 1044 on Monday, moving both crypto tax exemption measures to the Senate Rules Committee.
• S.C.R. 1003 would place a November ballot measure asking voters to amend the state constitution and exempt “virtual currency” from property taxation.
• The bills represent Arizona’s continued push toward crypto adoption despite Governor Katie Hobbs’ repeated vetoing of crypto-related legislation in 2025.