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Senate advances cryptocurrency payment bills after debate over data-center tax breaks
Summary
The Arizona Senate advanced bills allowing limited use of digital assets for state payments and related tax changes after heated debate, including an unsuccessful attempt to add an amendment repealing data-center tax incentives. Opponents cited local electric, water and noise impacts; supporters framed the measures as modernizing state finance.
The Arizona Senate on Feb. 25 advanced legislation that would clear the way for limited use of digital assets by state agencies and amend related tax and property rules, after extended debate and an unsuccessful amendment aimed at repealing tax benefits for data centers.
Senator Wendy Rogers, sponsor of the package of bills concerning state payments and virtual currency, said the changes modernize how the state receives funds and noted technical amendments changing wording from “cryptocurrency” to “stablecoin.” “We need to get with the 21st century,” Rogers said during floor remarks in support of the bills.
Senator Denise Mitzi Epstein sought to use the vehicle to curb tax exemptions for data centers, offering a floor…
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