Arizona Property Tax Exemptions for Virtual Currency Amendment (2024)

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Arizona Property Tax Exemptions for Virtual Currency Amendment
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Election date
November 5, 2024
Topic
Taxes and Property
Status
Not on the ballot
Type
Constitutional amendment
Origin
State legislature

The Arizona Property Tax Exemptions for Virtual Currency Amendment was not on the ballot in Arizona as a legislatively referred constitutional amendment on November 5, 2024.

This amendment would have provided for property tax exemptions for virtual currency, which is defined as "digital representation of value that functions as a medium of exchange, a unit of account and a store of value other than a representation of the United States dollar or a foreign currency".[1]

Text of measure

Full text

The full text of the ballot measure is available here.

Path to the ballot

Amending the Arizona Constitution

See also: Amending the Arizona Constitution

A simple majority vote is required during one legislative session for the Arizona State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 31 votes in the Arizona House of Representatives and 16 votes in the Arizona State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

Amendment in the state Legislature

The amendment was introduced to the Arizona State Senate on January 23, 2024. It passed the Senate on February 15, 2024 by a 16-9 vote.[1]

See also

External links

Footnotes