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)
REFERENCE TITLE: blockchain technology; tax; fee; prohibition
State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022
SB 1156
Introduced by Senator Rogers
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)
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
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