Arizona Pushes Crypto Tax Exemption to 2026 Ballot
Arizona lawmakers advanced a contentious bill to exempt digital assets from property taxation, setting the stage for a 2026 voter referendum. The Senate Finance Committee passed Senate Bill 1044 by a narrow 4-3 margin, contingent on a constitutional amendment through Senate Concurrent Resolution 1003.
Senator Wendy Rogers' proposal WOULD redefine taxable property to exclude cryptocurrencies—a move requiring voter approval under state law. SCR 1003 now heads to the Rules Committee for constitutional review before potentially appearing on the November 2026 ballot.
The legislative push reflects growing recognition of crypto's unique status, though critics warn of revenue implications. Arizona joins states like Wyoming in testing tax frameworks for digital assets, with outcomes likely to influence broader U.S. policy.
