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Arizona Senator Proposes Tax Exemption for Bitcoin and Cryptocurrencies

Arizona Senator Proposes Tax Exemption for Bitcoin and Cryptocurrencies

Arizona State Senator Wendy Rogers advances bills to remove state and local taxes on cryptocurrencies and blockchain nodes, with one measure requiring voter approval in 2026.

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Fact Check
The evidence strongly and consistently supports the statement that an Arizona senator proposed a tax exemption for cryptocurrencies. Multiple highly authoritative and relevant sources confirm this. Specifically, the official social media accounts for Arizona State Senator Wendy Rogers (her Facebook and X/Twitter pages) serve as primary sources where she directly publicized her introduction of legislation to ban taxes on cryptocurrency. This is corroborated by two separate, reputable news reports from Law360 and Cointelegraph, which detail Senator Rogers' proposed bills aimed at changing state tax laws for digital assets. There is no conflicting evidence among the provided sources. Several sources were irrelevant as they pertained to federal legislators or the U.S. House of Representatives, not an Arizona state senator's proposal. The Arizona Department of Revenue website is authoritative for enacted laws but would not necessarily show a legislative proposal. The convergence of primary evidence from the legislator herself and corroborating secondary reporting makes the statement highly credible.
Summary

Arizona State Senator Wendy Rogers introduced SB1044, SB1045, and SCR1003 to reduce tax burdens on cryptocurrency and blockchain infrastructure. SB1044 would exempt digital assets from state tax, SB1045 would prohibit local taxation on node operators, and SCR1003 would remove crypto from property tax assessment—requiring voter approval in 2026. The proposals aim to limit both state and local fiscal obligations for crypto-related holdings and operations.

Terms & Concepts
  • Cryptocurrency: A digital or virtual currency secured by cryptography, often operating on decentralized blockchain networks.
  • Blockchain Node: A computer connected to a blockchain network that stores and synchronizes the network’s distributed ledger.
  • Tax Exemption: A legal provision that removes certain assets, income, or transactions from taxation.