Arizona Lawmakers Advance Bill to Exempt Crypto From Property Taxes

Arizona lawmakers have advanced a bill that aims to exempt cryptocurrencies from property taxes. The legislation is designed to encourage the growth of the digital asset industry in the state by providing a more favorable tax environment for crypto holders and businesses. If passed, the bill would classify cryptocurrencies as intangible personal property, thereby removing them from the property tax assessment. Proponents argue that this move could attract more investment and innovation in the blockchain sector. The bill is now set to be considered by the full state legislature.

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