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 under which cryptocurrency can be accepted, the responsibilities of the service providers, 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 clarify that payments made via cryptocurrency are not considered final until the state agency has received the full amount due. The bill defines "cryptocurrency" and "cryptocurrency service provider," and it is set to take effect on January 1, 2027.

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