SB1236 is a bill that seeks to regulate the imposition of taxes or fees on individuals or entities operating blockchain technology nodes within residences. The bill declares that such regulation is a matter of statewide concern and prohibits cities, towns, or counties from imposing taxes or fees on the operation of blockchain nodes in residences, with the exception of taxes levied on electricity. The bill also makes technical and conforming changes to existing law.

The bill amends sections 9-500.42 and 11-269.22 of the Arizona Revised Statutes to clarify that cities, towns, and counties cannot impose taxes or fees specifically for running a blockchain node in a residence. It also reiterates that the act of running a blockchain node in a residence and the imposition of any tax or fee on such activity is of statewide concern and not subject to further local regulation. The bill includes definitions for "blockchain technology" and "running a node on blockchain technology" to support these provisions.

Statutes affected:
Introduced Version: 9-500.42, 11-269.22, 44-7061
Senate Engrossed Version: 9-500.42, 11-269.22, 42-6012, 44-7061