HB1199 • 2026

Legal tender; gold and silver; specie; tax; regulation; contract; attorney general; Oklahoma court; debts; effective date.

Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Maynard
Last action: 2025-05-08
Official status: Coauthored by Representative Staires
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Legal tender; gold and silver; specie; tax; regulation; contract; attorney general; Oklahoma court; debts; effective date.

What This Bill Does

Legal tender; gold and silver; specie; tax; regulation; contract; attorney general; Oklahoma court; debts; effective date.
Bill Summaries/Fiscal Impact for HB 1199 (House): Introduced (2/20/2025) Fiscal Impact Statements For HB 1199 (Senate): HB1199 ENGR FI.PDF (Fiscal (Senate)) Fiscal Impact Statements For HB 1199 (Senate): HB1199 CA FI.PDF (Fiscal (Senate))

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

1 Floor Amendment by KANE

None

Filed

Plain English: HB1199 FA1 KaneJo-CC 3/24/2025 5:09:24 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: John Kane Adopted: _____________________________ ______________________________________ Reading Clerk FLOOR AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1199 Of the printed Bill Page Section Lines Of the Engrossed Bill By striking the Title.

HB1199 FA1 KaneJo-CC 3/24/2025 5:09:24 pm AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: John Kane Adopted: _____________________________ ______________________________________ Reading Clerk FLOOR AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1199 Of the printed Bill Page Section Lines Of the Engrossed Bill By striking the Title.

Committee Amendment 1

None

Filed

Plain English: (Floor Amendments Only) Date and Time Filed: Untimely Amendment Cycle Extended Secondary Amendment SENATE CHAMBER STATE OF OKLAHOMA DISPOSITION FLOOR AMENDMENT No.

(Floor Amendments Only) Date and Time Filed: Untimely Amendment Cycle Extended Secondary Amendment SENATE CHAMBER STATE OF OKLAHOMA DISPOSITION FLOOR AMENDMENT No.
________ COMMITTEE AMENDMENT (Date) I move to amend House Bill No.
1199 by restoring the title.
Submitted by: _______________________ Senator Bullard Bullard-QD-CA1-HB1199 4/7/2025 5:31 PM 1

Bill History

2025-05-08 Senate
Coauthored by Representative Staires
2025-05-07 Senate
Coauthored by Senator Jett
2025-05-06 Senate
Coauthored by Senator Gollihare
2025-04-22 Senate
Withdrawn from Appropriations committee
2025-04-22 Senate
Placed on General Order
2025-04-17 Senate
Coauthored by Senator Weaver
2025-04-16 Senate
Coauthored by Senator Pederson
2025-04-16 Senate
Coauthored by Senator Frix
2025-04-16 Senate
Coauthored by Senator Boren
2025-04-15 Senate
Coauthored by Senator Standridge
2025-04-15 Senate
Reported Do Pass as amended Retirement and Government Resources committee; CR filed
2025-04-15 Senate
Title restored
2025-04-15 Senate
Referred to Appropriations
2025-04-14 Senate
Coauthored by Senator Murdock
2025-04-09 Senate
Coauthored by Senator Stewart
2025-04-09 Senate
Coauthored by Senator Bergstrom
2025-04-08 Senate
Coauthored by Senator Deevers
2025-04-08 Senate
Coauthored by Senator Guthrie
2025-04-08 Senate
Coauthored by Senator Alvord
2025-04-08 Senate
Coauthored by Senator Wingard
2025-04-08 Senate
Coauthored by Senator Burns
2025-04-08 Senate
Coauthored by Senator Sacchieri
2025-04-07 Senate
Withdrawn from Revenue and Taxation committee
2025-04-07 Senate
Referred to Retirement and Government Resources
2025-04-07 Senate
Coauthored by Senator McIntosh
2025-04-07 Senate
Coauthored by Senator Prieto
2025-04-07 Senate
Coauthored by Senator Grellner
2025-04-01 Senate
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
2025-03-25 House
Engrossed, signed, to Senate
2025-03-25 Senate
First Reading
2025-03-24 House
General Order
2025-03-24 House
Coauthored by Representative(s) Adams, Woolley, Roberts, Newton, Hall
2025-03-24 House
Amended
2025-03-24 House
Title stricken
2025-03-24 House
Third Reading, Measure passed: Ayes: 73 Nays: 15
2025-03-24 House
Referred for engrossment
2025-02-25 House
CR; Do Pass Government Oversight Committee
2025-02-25 House
Coauthored by Representative(s) Lawson, Hays
2025-02-12 House
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
2025-02-12 House
Authored by Senator Bullard (principal Senate author)
2025-02-04 House
Second Reading referred to Government Oversight
2025-02-04 House
Referred to Banking, Financial Services and Pensions
2025-02-03 House
First Reading
2025-02-03 House
Authored by Representative Maynard

Official Summary Text

Legal tender; gold and silver; specie; tax; regulation; contract; attorney general; Oklahoma court; debts; effective date.
Bill Summaries/Fiscal Impact for HB 1199 (House): Introduced (2/20/2025)
Fiscal Impact Statements For HB 1199 (Senate): HB1199 ENGR FI.PDF (Fiscal (Senate))
Fiscal Impact Statements For HB 1199 (Senate): HB1199 CA FI.PDF (Fiscal (Senate))

Current Bill Text

Read the full stored bill text

ENGR. H. B. NO. 1199 Page 1
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ENGROSSED HOUSE
BILL NO. 1199 By: Maynard, Lawson, Hays,
Adams, Woolley, Roberts,
Newton, and Hall of the
House

and

Bullard of the Senate

[ legal tender - federal gold and silver coins -
legal tender - explanation of specie or legal
tender - characterization - exchanges - tax
liability – Office of the Attorney General -
Oklahoma courts - adjudication – debts - effective
date ]

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 62 O.S. 2021, Section 4500, is
amended to read as follows:
Section 4500. Gold and silver coins issued by the United States
government are legal tender in the State of Oklahoma. No person may
compel another person to tender or accept gold or silver coins that
are issued by the United States government, except as agreed upon by
contract.

ENGR. H. B. NO. 1199 Page 2
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A. As used in this act:
1. "Legal tender" means a recognized medium of exchange for the
payment of debts and taxes; and
2. "Specie" means:
a. coin having gold or silver content, or
b. refined gold or silver bullion that is:
(1) coined, stamped, or imprinted with its weight,
and
(2) valued primarily based on its metal content and
not its form.
B. Specie or legal tender shall consist of:
1. Specie coin issued by the United States government; or
2. Other specie that an Oklahoma court rules to be within state
authority to make or designate as legal tender.
C. Specie or legal tender shall not be characterized as
personal property for taxation or regulatory purposes.
D. 1. The exchange of one type or form of legal tender for
another type or form of legal tender shall not give rise to any tax
liability.
2. The purchase, sale, or exchange of any type or form of
specie shall not give rise to any tax liability.
E. Unless specifically provided by law or by contract, a person
shall not compel another person to tender specie or to accept specie
as legal tender.

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F. The Office of the Attorney General shall enforce this act
without prejudice to a private right of action.
G. If a valid contract expressly designates a type or form of
specie as tender, then an Oklahoma court asked to adjudicate the
breach of such a contract shall require, as a remedy for the breach,
the specific performance of tendering the type or form of specie
specified in the contract.
H. Specie may be recognized to pay debts.
SECTION 2. This act shall become effective November 1, 2025.
Passed the House of Representatives the 24th day of March, 2025.

Presiding Officer of the House
of Representatives

Passed the Senate the _____ day of __________, 2025.

Presiding Officer of the Senate