Arizona state senator Wendy Rogers It presented three separate regulatory proposals in the same package that would change the taxation rules for cryptocurrencies. Rogers: cryptocurrencies should be tax-exempt, no local taxes/penalties should be imposed on those running Blockchain nodes, and cryptocurrencyHe presented two draft laws and a constitutional amendment proposal to clarify the definition of property taxes at the constitutional level. While some of the regulations can advance through the legislative process, others require voter approval. The most critical threshold in terms of calendar is November 2026, the date of the next general election.
Cryptocurrency Tax Exemption Agenda in Arizona
Rogers’ proposals to the Arizona Senate are grouped under three headings. These titles cryptocurrencySB 1044, which aims to exempt people from taxes, SB 1045, which aims to prevent taxes or fees at the county/city/town level on individuals and organizations operating blockchain nodes, and SCR 1003, which aims to clarify the scope of property tax in the state constitution in terms of cryptocurrencies. While SB 1045 can move forward in the state parliamentary process, SB 1044 and SCR 1003 need to be put to a voter vote.
While the voter vote detail points to November 2026, it determines the road map especially for the tax exemption title. SCR 1003While it aims to explicitly exclude cryptocurrency from the definition of property tax in the Arizona Constitution, SB 1044 It aims to add similar language to the state’s legal code. SB 1045 It establishes a narrower but more direct framework that aims to prohibit local governments from imposing taxes or fees on a person running a node in Blockchain technology.
Rogers’ move also points to an existing, notable Arizona regulation regarding cryptocurrencies. There is currently a law in effect that allows the state to claim ownership of cryptocurrencies that have not been moved for at least three years and are considered abandoned. While it is emphasized that this approach is part of the efforts of advocates who support the idea of creating a cryptocurrency reserve in the state, it is also Bitcoin 
$87,720.35 There are also different proposals aimed at granting broader authority to invest in similar cryptocurrencies.
Cryptocurrency Tax Debate Across the USA
Arizona His example fits into a broader picture of states adopting divergent models for cryptocurrency taxation. An example from Ohio is the bill that could provide a capital gains tax exemption for cryptocurrency transactions under $200. House of RepresentativesHe went through but hasn’t made any progress since June. On the New York front Phil Steck‘s state has proposed a 0.2 percent excise tax on transactions involving cryptocurrency sales or transfers for its residents. Although the proposal was referred to the relevant committee, no progress has been seen since August.
Federal title: Wyoming Senator Cynthia LummisThe draft shared by in July. The idea of a “de minimis” exception for cryptocurrency transactions and capital gains worth $300 or less is included in the bill.
Rogers in Arizona in the past Bitcoin reserve A name that stands out with its agenda. Senator, Governor of Arizona in May Katie Hobbs He was the co-owner of the Bitcoin reserve bill vetoed by and criticized the veto decision and announced that he would resubmit it in the next session.
