JUST IN: πŸ‡ΊπŸ‡Έ Arizona Senator Wendy Rogers proposed amending state statutes to exempt Bitcoin and crypto from taxation.

Bullish πŸš€

Reply to this note

Please Login to reply.

Discussion

This will lead to great innovation and wealth generation for the residents of Arizona. There will be an opportunity for first mover advantages with bitcoin friendly jurisdictions like this.

We'd love to see it in #Arkansas

nostr:nevent1qqsz0kg3fd47qmgzczr3m3rvvm5jujxl5l5u26xk9su098rtheapheqprdmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv8g6nwq3qt8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8sxpqqqqqqzxf23mv

GJ, Arizona. πŸ‘

Rogers has prefiled bills that would:

πŸ‘‰ make virtual currency legally exempt from taxation under Arizona law (SB 1044),

πŸ‘‰ prohibit local governments from taxing/blocking blockchain node operators (SB 1045),

πŸ‘‰ and even amend the state constitution to explicitly exclude crypto from property tax (SCR 1003).

If voters approve the constitutional change, BTC holders in AZ could see state tax liability drop dramatically, lowering friction for long-term stacks, node ops, and builders.