FN-NRF3STJ-1 Page 1 FISCAL NOTE Senate Bill 282 Committee: Finance and Taxation General FundSponsor: Senator Will Barfoot Analyst: Riley Aaron Date: 04/15/2025 Senate Bill 282 as introduced would exempt virtual currency from ad valorem taxation. Virtual currency is not currently subject to ad valorem tax, and due to this, this bill would not directly affect state or local funding.