REFERENCE TITLE: blockchain technology; tax; fee; prohibition

 

 

 

 

State of Arizona

Senate

Fifty-sixth Legislature

First Regular Session

2023

 

 

 

SB 1236

 

Introduced by

Senator Rogers

 

 

 

 

 

 

 

An Act

 

amending sections 9-500.42 and 11-269.22, Arizona Revised Statutes; relating to local governments.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1. Section 9-500.42, Arizona Revised Statutes, is amended to read:

START_STATUTE9-500.42. Prohibition on regulation of running node on blockchain technology; taxation; state preemption; definitions

A. A city or town may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.

b. a city or town may not impose a tax or fee on the use of blockchain technology by any person or entity.

B. c. The regulation of the act of running a node on blockchain technology in a residence and the imposition of a tax or fee for using blockchain technology is of statewide concern and not subject to further regulation by a city or town.

C. D. For the purposes of this section: , 

1. "blockchain technology" has the same meaning prescribed in section 44-7061.

2. "Running a node on blockchain technology" means providing computing power to validate or encrypt transactions in blockchain technology as defined in section 44-7061. END_STATUTE

Sec. 2. Section 11-269.22, Arizona Revised Statutes, is amended to read:

START_STATUTE11-269.22. Prohibition on regulation of running node on blockchain technology; taxation; state preemption; definitions

A. A county may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.

b. a county may not impose a tax or fee on the use of blockchain technology by any person or entity.

B. c. The regulation of the act of running a node on blockchain technology in a residence and the imposition of a tax or fee for using blockchain technology is of statewide concern and not subject to further regulation by a county.

C. d. For the purposes of this section: , 

1. "blockchain technology" has the same meaning prescribed in section 44-7061.

2. "Running a node on blockchain technology" means providing computing power to validate or encrypt transactions in blockchain technology as defined in section 44-7061. END_STATUTE