Arizona Senate Moves to Exempt Crypto from Property Taxes

The Arizona Senate Finance Committee has approved draft bills SB1044 and SCR1003, which propose exempting virtual currencies from property taxes. Passed on January 26, 2026, these bills represent a significant move towards crypto-friendly legislation in the state. If SCR1003 is approved by the legislature, it will be presented to voters in November for a constitutional amendment. This development follows previous vetoes of similar bills by Governor Hobbs in 2025.