The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and redeemable in cash or gold as well. The comptroller would also be required to create a mechanism to use this gold-backed digital currency in everyday transactions.
The post Texas Bill Would Create State-Issued Gold-Backed Digital Currency first appeared on Tenth Amendment Center.
Under the proposed law, “specie coins” issued by the U.S. government or any other specie that a court of competent jurisdiction designates would be legal tender in the state of Kansas and recognized as a medium of exchange for the payment of debts and taxes.
The post Kansas Bill Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The proposed law would require the comptroller of public accounts to purchase $4 billion worth of gold bullion and $1 billion worth of silver bullion and deposit it into the Texas Bullion Depository.
The post Texas Bill Would Require State to Establish Gold and Silver Reserves first appeared on Tenth Amendment Center.
A bill introduced in the Maine House would create a sales tax exemption on the sale of gold and silver bullion. Passage into law would relieve some of the tax burdens on investors and eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Maine Bill Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would authorize the state treasurer to “purchase and sell gold or precious metal bullion or specie that will be directly owned by the state.”
The post To the Governor: Tennessee Passes Bill to Authorize State Gold and Silver Reserves first appeared on Tenth Amendment Center.
The legislation would establish “specie issued by the United States” as legal tender in the state, making it receivable in payment of all public and private debts contracted for in the state of Texas.
The post Texas Bill Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
The bill would make numerous changes to the Kentucky state tax code. Provisions in the bill would exempt the sale of gold, silver, platinum and palladium bullion, including bars, ingots and coins from the state sales tax.
The post Kentucky House Passes Bill That Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
BOISE, Idaho (March 9, 2023) – Last week, the Idaho House passed a bill that would create a process for the state to buy, sell, and hold gold and silver. This would set a foundation for Idaho to achieve more financial independence and help undermine the Federal Reserve’s monopoly on money. A coalition of Republicans […]
The post Idaho House Passes Bill to Authorize State Gold and Silver Reserves first appeared on Tenth Amendment Center.
In practice, the enactment of HB1479 would allow the state of Tennessee to hold reserves of gold, silver, platinum, and palladium coins and bars.
The post Tennessee House Passes Bill to Create State Gold and Silver Reserves first appeared on Tenth Amendment Center.
The passage of HF208 would remove one of the tax barriers that hinder the use of gold and silver as money in Iowa.
The post Iowa Subcommittee Passes Bill to Repeal Capital Gains Taxes on Gold and Silver Bullion first appeared on Tenth Amendment Center.