The proposed bill would amend current Arizona statutes to allow state agencies to accept cryptocurrency as a payment method for various financial obligations, including fines, taxes, and fees. Specifically, it would enable state agencies to enter into agreements with cryptocurrency service providers to facilitate these transactions. The bill outlines the terms and conditions under which cryptocurrency can be accepted, the responsibilities of the cryptocurrency service provider, and the liability of individuals making payments in cryptocurrency until the state agency receives full payment.

Additionally, the bill would update existing tax payment methods by allowing the Arizona Department of Revenue (ADOR) to accept cryptocurrency for tax remittances, provided an agreement with a cryptocurrency service provider is established. It would also define "cryptocurrency" and "cryptocurrency service provider," and make technical changes to existing statutes. The changes would take effect on January 1, 2026, and would expand the permissible methods of payment to include cryptocurrency alongside traditional payment methods.

Statutes affected:
Introduced Version: 35-156, 42-5018, 43-505