SB1827 • 2026

Public Funds and Financing

AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 1, relative to precious metals.

Taxes

Active

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

Sponsor: Taylor, Hulsey
Last action: 2026-04-14
Official status: Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
Effective date: Not listed

Plain English Breakdown

The bill summary and text do not provide detailed information on the fiscal impact of accepting precious metal coins, leaving this aspect uncertain.

Making Precious Metal Coins Legal Tender in Tennessee

This bill makes precious metal coins legal tender in Tennessee and allows people to use them for payments under certain conditions.

What This Bill Does

Defines what 'coin' means, including both fabricated products and refined bullion made of gold or silver.
Makes precious metal coins legal tender in Tennessee, meaning they can be used for payments.
Prohibits forcing someone to accept or use precious metal coins unless there is a specific agreement or law that allows it.

Who It Names or Affects

People who want to use precious metal coins as payment.
Businesses and individuals who might receive precious metal coins in transactions.

Terms To Know

Legal tender: A recognized medium of exchange for the payment of debts and taxes.
Precious metal: Gold and silver, which are valuable metals used in coins.

Limits and Unknowns

The bill does not specify how much state expenditures might increase due to accepting precious metal coins.
It is unclear how local agencies will be affected by the changes regarding precious metal coins.

Amendments

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

SA0479

Amendment 1-0 to SB1827

Plain English: The amendment adds new definitions and provisions regarding precious metal coins in Tennessee, making them legal tender but prohibiting forced acceptance unless agreed upon.

Adds definitions for 'coin', 'legal tender', 'person', and 'precious metal'.
Specifies that precious metal coins are legal tender in Tennessee.
Prohibits compelling another person to use or accept precious metal coins as legal tender, except by agreement.

The amendment does not specify how the new provisions will be enforced or regulated.

Bill History

2026-04-14 Tennessee General Assembly
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
2026-04-09 Tennessee General Assembly
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026
2026-04-07 Tennessee General Assembly
Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 7, Nays 2 PNV 0
2026-04-01 Tennessee General Assembly
Placed on Senate Commerce and Labor Committee calendar for 4/7/2026
2026-03-11 Tennessee General Assembly
Sponsor(s) Added.
2026-03-11 Tennessee General Assembly
Placed behind the budget
2026-03-10 Tennessee General Assembly
Action deferred in Senate Commerce and Labor Committee to 3/17/2026
2026-03-04 Tennessee General Assembly
Placed on Senate Commerce and Labor Committee calendar for 3/10/2026
2026-03-04 Tennessee General Assembly
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/11/2026
2026-03-04 Tennessee General Assembly
Action Def. in s/c Finance, Ways, and Means Subcommittee to 3/11/2026
2026-03-03 Tennessee General Assembly
Sponsor(s) Added.
2026-03-03 Tennessee General Assembly
Action deferred in Senate Commerce and Labor Committee to 3/10/2026
2026-02-26 Tennessee General Assembly
Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/4/2026
2026-02-24 Tennessee General Assembly
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
2026-02-17 Tennessee General Assembly
Action deferred in Senate Commerce and Labor Committee to 3/3/2026
2026-02-10 Tennessee General Assembly
Placed on Senate Commerce and Labor Committee calendar for 2/17/2026
2026-02-04 Tennessee General Assembly
Assigned to s/c Finance, Ways, and Means Subcommittee
2026-02-04 Tennessee General Assembly
P2C, ref. to Finance, Ways, and Means Committee
2026-02-02 Tennessee General Assembly
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
2026-02-02 Tennessee General Assembly
Intro., P1C.
2026-01-22 Tennessee General Assembly
Introduced, Passed on First Consideration
2026-01-22 Tennessee General Assembly
Filed for introduction
2026-01-21 Tennessee General Assembly
Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text

HOUSE BILL 2038
By Hulsey

SENATE BILL 1827
By Taylor
SB1827
007995
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 9,
Chapter 1, relative to precious metals.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Title 9, Chapter 1, is amended by adding the
following as a new section:
(a) As used in this section:
(1) "Coin" means:
(A) Precious metal fabricated into a product of uniform shape,
size, design, content, weight, and purity that is suitable for or customarily
used as currency, as a medium of exchange, or as the medium for
purchase, sale, storage, transfer, or delivery of precious metal in a retail
or wholesale transaction; or
(B) Refined precious metal bullion, stamped or imprinted with its
weight and purity and valued primarily based on its metal content and not
its form;
(2) "Legal tender" means a recognized medium of exchange for the
payment of debts and taxes;
(3) "Person" means an individual; state, local government, political
subdivision, or any agent or agency thereof; company; corporation; partnership;
firm; trust; organization; or association; and
(4) "Precious metal" means gold and silver.
(b) Precious metal coins are legal tender in this state.

- 2 - 007995

(c) A person shall not compel another person to use or accept precious metal
coins as legal tender, unless expressly agreed to or authorized by law or contract.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.