Arizona Governor Katie Hobbs has vetoed legislation that would largely prevent local authorities from taxing individuals and businesses that run blockchain nodes.
In an April 12 decision, Gov. Hobbs vetoed Arizona Bill 1236, which was first introduced in January. The legislation seeks to amend sections of regulations related to blockchain technology, largely reducing or eliminating regulation and taxation of node operators at the state level. "Cities or towns shall not tax or charge any person or entity to operate a blockchain technology node in a residence," the Senate version of the bill said. "Taxing or charging individuals or entities that operate blockchain technology nodes in residences is a statewide concern that is not subject to further regulation by cities or towns."
Under the bill, the same restrictions on node operators in cities and towns would also apply to counties. Lawmakers sent the bill to Hobbs' desk after it was approved by the Arizona Senate and House of Representatives, and she vetoed the legislation on her 100th day in office. Several lawmakers in Arizona have enacted legislation aimed at making the U.S. state a pro-cryptocurrency regulatory environment for companies and individuals. State Sen.
Wendy Rogers proposes Arizona government to create bitcoin Accepted as legal tender, it joined other lawmakers in passing a resolution making cryptocurrencies tax-exempt under the state constitution.
