Arizona 2022 Regular Session

Arizona Senate Bill SB1156 Compare Versions

Only one version of the bill is available at this time.

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1	1	REFERENCE TITLE: blockchain technology; tax; fee; prohibition State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022 SB 1156 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)
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9	9	REFERENCE TITLE: blockchain technology; tax; fee; prohibition
10	10	State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022
11	11	SB 1156
12	12	Introduced by Senator Rogers
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14	14	REFERENCE TITLE: blockchain technology; tax; fee; prohibition
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24	24	State of Arizona
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30	30	Second Regular Session
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40	40	SB 1156
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52	52	AN ACT
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56	56	amending sections 9-500.42 and 11-269.22, arizona revised statutes; relating to local governments.
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62	62	(TEXT OF BILL BEGINS ON NEXT PAGE)
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66	66	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
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68	68	Be it enacted by the Legislature of the State of Arizona:
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70	70	Section 1. Section 9-500.42, Arizona Revised Statutes, is amended to read:
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72	72	START_STATUTE9-500.42. Prohibition on regulation of running node on blockchain technology; taxation; state preemption; definitions
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74	74	A. A city or town may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.
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76	76	b. a city or town may not impose a tax or fee on the use of blockchain technology by any person or entity.
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78	78	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.
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80	80	C. D. For the purposes of this section: ,
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82	82	1. "blockchain technology" has the same meaning prescribed in section 44-7061.
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84	84	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
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86	86	Sec. 2. Section 11-269.22, Arizona Revised Statutes, is amended to read:
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88	88	START_STATUTE11-269.22. Prohibition on regulation of running node on blockchain technology; taxation; state preemption; definitions
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90	90	A. A county may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.
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92	92	b. a county may not impose a tax or fee on the use of blockchain technology by any person or entity.
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94	94	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.
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96	96	C. d. For the purposes of this section: ,
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98	98	1. "blockchain technology" has the same meaning prescribed in section 44-7061.
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100	100	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