Representative Jeff Weninger said that CoinDesk was not given enough votes to bill the inclusion of the crypto-currency language. Since Arizona’s legislative session ended on 3 May, there is no plan to propose a future bill at this time.
Arizona’s long-running ongoing CryptoCurrency tax payment bill has been further reduced – so that technology no longer talks about technology.
Despite the previous three versions of publicly available applications, including the cryptographic currency as a possible payment method, the latest version of Senate Bill 1091 does not mention crypto parallels in any way. The bill, approved by both the House of Representatives and the State Senate, says that the Revenue Office “can develop, adopt and use a payment system that provides tax returns and tax collection.”
It continues to explain:
“The Ministry of Revenue can design, develop, and provide supplementary surveillance of the adaptation, implementation and use of technology to enable immediate payment and collection of transaction wire transfer tax payments at the taxpayer option, at the point of sale and on payments.”
However, it is not clear whether this technology is a cryptographic currency or a traditional banking system.
The bill was originally intended to allow Arizona’s Revenue Department to collect crypto-money, such as bitcoins, for tax payments. The bill was introduced in January and quickly passed through several committees before being referred to House, as previously reported. The committees at home approve the transition of bills in a similar way, but stopped at the beginning of March.
Representative Jeff Weninger, one of the billing cooperatives, later told CoinDesk that the bill had been changed to become more neutral. When the original version was expressed in particular as bitcoin, the new version had to be “agnostic” about how the crypto money could be collected.
After the defeat, the bill was approved by the House Rules Committee and sent to Roads and Roads.
However, at the end of April a new version was passed by a full house. Rather than allowing the Ministry of Revenue to collect taxes through cryptographic currencies, the bill initiated an investigation into whether the taxpayer could pay the taxpayer’s income tax obligation using a payment gateway. Possible gateways include bitcoin and litecoin among other crypto currencies.
Senator Warren Petersen and David Farnsworth and Representative Jeff Weninger, respectively, did not immediately respond to sponsor and cosmopolitan comment requests. Representative Travis Grantham could not be reached.