The legislators of the Arizona Senate are working on a bill aimed at enabling voters to determine whether digital currency should be exempt from direct tax.

In the law proposed at the first session of the Arizona Senate in 2023, Senators Amy Rogers, Sonny Chuanlei and Justin Vasaggs proposed that Arizona residents determine to change the content of direct tax in the state constitution. If the bill is based on the legislature, the elector can also choose the tax exemption policy for digital currency - especially whether it is "the representative of US dollar or foreign exchange" - in November 2024.

According to the Constitution of Arizona, all assets of the federal government, states, counties and cities are exempt from tax. Public debt, many household goods and some "raw materials or products, unassembled components, inventories of goods in process or finished products" are exempt from tax. According to the statistics of Arizona's secretary of state, there were more than 4 million registered voters in the presidential election in November 2022, and the state slightly favored the US Democratic Party.

The bill, called SCR 1007, was read twice on January 19 and 23 as part of the state senate calendar. In previous sessions, due process tried to promote laws related to cryptocurrency and taxes, such as a bill in 2018 that allowed households to pay taxes in cryptocurrency, and then Mayor Doug Dusey denied this bill. Rogers still gave a bill similar to SCR 1007 in the second Senate session in 2022.

However, the proposed law may face different types of political climate from 2018 and 2022. Rogers, Chuanlei and Vosak are all Poloshenko. They either deny or doubt the fair, fair and legitimate election of some state and federal government legislators. Katie Hobbes, a Democrat, won a small victory in the 2022 US mid-term election over Poloshenka Riker and became the mayor of Arizona.

In terms of the federal government, in foreign countries, sales or purchase of cryptocurrency generally need to pay income tax. Due process in different states abroad gives various current policies related to cryptocurrency and taxes, including Jared Polis, mayor of Colorado, who allows residents to pay taxes in cryptocurrency and Alaska dogs, California, New Hampshire, Nevada, South Dakota, Tennessee, Texas, New Jersey and Wyoming, Provide 0% capital tax profit to potential investors.