Provides that gold and silver are legal tender.

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Senator Thatcher, Senator Smith DB
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-05-19 Senate
Public Hearing held.
2025-03-03 Senate
Referred to Finance and Revenue.
2025-02-27 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act says that gold and silver are legal tender and exempts gold and silver trade from certain taxes. (Flesch Readability Score: 71.7).
Provides that gold and silver are legal tender. Exempts the purchase, sale and exchange of gold and silver from certain taxation.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to specie legal tender; prescribing an effective date.
Current location: In Senate Committee