Arizona SB1045 prohibits local governments from restricting or taxing blockchain technology use in residences.

Arizona SB1045 amends state statutes to prevent cities, towns, and counties from restricting or imposing taxes on individuals using computational power or running blockchain nodes in their homes. The bill defines "computational power" as the use of computer hardware and software for data processing, algorithms, and tasks requiring significant computing resources. It also defines "running a node on blockchain technology" as providing computing power to validate or encrypt blockchain transactions.

Arizona SB1045 prohibits local governments from restricting or taxing blockchain technology use in residences.

Arizona SB1045 amends state statutes to prevent cities, towns, and counties from restricting or imposing taxes on individuals using computational power or running blockchain nodes in their homes. The bill defines "computational power" as the use of computer hardware and software for data processing, algorithms, and tasks requiring significant computing resources. It also defines "running a node on blockchain technology" as providing computing power to validate or encrypt blockchain transactions.