Arizona Governor vetoed the bill on her 100th day in office.
Arizona Governor Katie Hobbs recently vetoed Arizona Bill 1236, which aimed to reduce or eliminate taxes on individuals and businesses operating blockchain nodes.
Initially, Arizona Bill 1236 was introduced in January 2023 with the purpose of modifying sections of statutes applicable to blockchain technology.
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The primary objective of the bill was to decrease or abolish the regulation and taxation of node operators at the state level.
The bill version proposed by Arizona's Senate reads:
A city or town may not impose a tax or fee on any person or entity for running a node on blockchain technology in a residence.
The bill further emphasized that issues related to taxation or fees on residential blockchain node operators are statewide concerns and should not be regulated by individual cities or towns.
After securing approval from both the Arizona Senate and House, the bill was presented to Governor Hobbs. However, on her 100th day in office, Governor chose to veto the bill, effectively stopping the proposed changes.
The legislators in various US states continue to tackle various crypto-related manners. On April 12th, Texas State Senate approved a bill targeting the reduction of incentives for cryptocurrency miners in the state.
On the other hand, in Montana, lawmakers aim to protect the rights of cryptocurrency miners. The bill was approved by both the Senate and House of Representatives and now awaits the Governor's approval to become law.
