[Arizona Legislature Advances Proposal to Exempt Cryptocurrency from Property Tax] Odaily Planet Daily News – The Arizona Senate Finance Committee has passed the SB 1044 bill and SCR 1003 joint resolution with a 4-3 vote. This series of proposals, introduced by Wendy Rogers, aims to exempt virtual currencies from property tax. If the proposal is approved, SCR 1003 will allow voters in November to decide whether to amend the state constitution to formally establish this tax exemption policy. The SB 1044 bill seeks to amend state law to define virtual currency, describing it as a digital representation used as a medium of exchange, a unit of account, and a store of value, which is neither the U.S. dollar nor foreign currency. Although Governor Katie Hobbs vetoed several cryptocurrency-related bills in 2025, including SB 1025, which proposed establishing a Bitcoin strategic reserve, and SB 1024, which would have allowed the use of cryptocurrency to pay taxes, the current tax exemption proposal has now been forwarded to the Senate Rules Committee for further review.