US EditionArizona Legislature Advances Bill to Shield Crypto From Property Taxes
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Arizona Doubles Down on Crypto-Friendly Tax Policy
According to the latest legislative update, members of the Arizona legislature advanced two separate bills that would clarify that cryptocurrencies are not subject to property tax assessments. Supporters argue the move is necessary to provide regulatory certainty and prevent digital assets from being taxed under frameworks designed for physical or traditional financial property. Key takeaways: Arizona lawmakers advanced two bills exempting cry…
Arizona legislature advances bill to shield crypto from property taxes
The post Arizona legislature advances bill to shield crypto from property taxes appeared on BitcoinEthereumNews.com. The Arizona Senate Finance Committee advanced S.C.R. 1003 and S.B. 1044 on Monday, bills that aim to exempt crypto from property taxes. Both legislations are pending voter approval in November. The state’s committee voted 4-3 on the Senate Bill 1044 after Senator Wendy Rogers introduced the bill last month. The legislation aims to…
Senator Wendy Rogers introduced legislation and a constitutional amendment in December to exempt cryptocurrencies such as Bitcoin from property taxes and protect Blockchain node operators from local taxes, positioning the state as more asset-friendly. *** A legislative package for friendly cryptotaxes advances in the Arizona Senate. Republican Senator Wendy Rogers introduced the proposals in December. One of the projects seeks to exempt cryptocu…
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Cryptocurrency News | Cryptocurrency Prices | Market CapArizona Lawmakers Advance Bill to Exempt Crypto From Property Taxes
The legislation would place a constitutional amendment on the November ballot as the state attempts to establish a crypto-friendly policy.
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