United States of America: Adopted SB 1236 amending taxation rules for blockchain nodes

On 5 April 2023, the Bill 1236 was adopted by the House of Arizona. The Bill aims to prevent cities, towns, and counties from prohibiting or restricting individuals from running blockchain nodes in residences. Additionally, these local governments are not allowed to impose taxes or fees on the use of blockchain technology by any person or entity. The regulation of running a node on blockchain technology in residences and the imposition of taxes or fees for using the technology is considered a matter of statewide concern, so it cannot be further regulated by cities, towns, or counties. The legislation defines "blockchain technology" and "running a node on blockchain technology" as prescribed in section 44-7061 of the Arizona Revised Statutes.