SB1127 is a bill that aims to regulate the imposition of taxes or fees on individuals or entities operating blockchain technology nodes within residences. The bill declares that the regulation of running a blockchain node in a residence, as well as the imposition of any tax or fee on such activity, is a matter of statewide concern. It prohibits cities, towns, and counties from imposing taxes or fees on persons or entities for running a blockchain node in a residence, with the exception of taxes levied on electricity.

The bill amends sections 9-500.42 and 11-269.22 of the Arizona Revised Statutes to reflect these prohibitions and clarifications. It also makes technical and conforming changes, and it is set to become effective on the general effective date. The bill does not anticipate any fiscal impact to the state General Fund.

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