The Arizona Senate Finance Committee approved the SB 1044 bill and SCR 1003 resolution aimed at exempting cryptocurrencies from property tax. SCR 1003 would allow voters to decide in November whether to amend the state constitution to formalize this tax exemption. The proposals define cryptocurrencies as digital representations used as a medium of exchange, unit of account, and store of value, distinct from US dollars or foreign currency, and are now under further review despite earlier vetoes of other crypto-related bills by the governor.