Arizona Property Tax Exemptions for Virtual Currency Amendment (2024)
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
State of Arizona Phoenix (capital) | |
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