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 Committee Passes Bill to Create State Gold and Silver Reserves first appeared on Tenth Amendment Center.
The legislation would establish "specie" as legal tender in the state, making it receivable in payment of all public and private debts contracted for in the state of Montana.
The post Montana Bill Would Make Gold and Silver Legal Tender in the State first appeared on Tenth Amendment Center.
Practically speaking, eliminating taxes on the sale of gold and silver cracks open the door for people to begin using specie in regular business transactions. This marks an important small step toward currency competition.
The post Mississippi House and Senate Pass Bills to Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
an Alaska House committee passed a bill that would exempt gold and silver bullion from local sales tax and make both legal tender in the state. Passage into law would not only relieve some of the tax burdens on investors, but it would also eliminate barriers to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Alaska Committee Passes Bill That Would Set the Stage to Treat Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would create a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium.
The post Wisconsin Bill Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
This week, two bills that would make a sales tax exemption on the sale of gold and silver bullion and coins passed their respective House and Senate committees. Passage into law would relieve some of the tax burdens on investors, and would also 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 Mississippi House and Senate Committees Pass Bills to Take Step Toward Treating Gold and Silver as Money 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.
SALEM, Ore. (Feb. 14, 2023) – A bill introduced in the Oregon House would exempt the sale of precious metals from the state’s Corporate Activity Tax (CAT). Passage into law would relieve some of the tax burden on precious metals dealers and investors, and would also lower one barrier to using gold and silver in […]
The post Oregon House Committee Holds Hearing on Bill That Would Take a Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would create a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as bars, ingots, or coins made of gold, silver, platinum, palladium, or a combination of these metals to be used as a medium of exchange, security, or commodity.
The post Kentucky Bill Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would take steps to treat gold and silver as money in Missouri and encourage its use as such, including making it legal tender, and eliminating the state capital gains tax on gold and silver. It also prohibits any entity of the state from requiring payment in the form of any digital currency, including a central bank digital currency (CBDC).
The post Missouri Senate Passes Bill That Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.