sound money

Now in Effect: Arkansas Law Makes Gold and Silver Legal Tender in the State

LITTLE ROCK, Ark. (July 31, 2023) – Today, an Arkansas law making gold and silver legal tender in the state, and effectively repealing the state capital gains tax on gold and silver went into effect. Enactment of this law could help eliminate barriers to using gold and silver in everyday transactions, a foundational step for […]

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New Jersey Assembly Passes Bill that Takes Step Toward Treating Gold and Silver as Money

the New Jersey Assembly unanimously passed a bill that would exempt gold and silver bullion coins from state sales and use taxes.

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Now in Effect: Mississippi Law Takes First Step Toward Treating Gold and Silver as Money

The new law will relieve some of the tax burdens on investors, and will also eliminate one barrier to using gold and silver in everyday transactions

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Now in Effect: Indiana Law Bans use of a CBDC as Money in the State

The law makes a number of changes to Indiana’s Uniform Commercial Code (UCC) including explicitly excluding a CBDC from the definition of money in Indiana, effectively banning its use as such in the state.

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Now in Effect: Florida Law Removes CBDC from the Definition of Money

The law explicitly excludes a CBDC from the definition of money in Florida, effectively banning its use as such in the state.

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North Carolina House Passes Bill to Explore Creation of Bullion Depository Along with Gold, Silver and Crypto Reserves

the North Carolina House passed a bill that would mandate a study to explore the state acquisition of precious metals and cryptocurrency, along with a cost-and-benefit study on creating a state precious metals bullion depository.

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New Jersey Assembly Committee Passes Bill that Takes Step Toward Treating Gold and Silver as Money

The legislation would exempt the sale of investment metal bullion and investment coins from the state sales and use tax.

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North Carolina House Committee Passes Bill to Explore Creation of State Bullion Depository

The legislation would direct the Department of State Treasurer to study the costs and benefits that would result from a state-administered and state-audited vaulting bullion depository in North Carolina.

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Maine Senate Passes Bill to Remove Sales Tax from Gold and Silver Bullion

The legislation would exempt the sale of gold and silver coins and bullion from the state sales and use tax effective Jan. 1, 2024.

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Texas House Passes Measure to Put Right to Choose Medium of Exchange in State Bill of Rights

In effect, this amendment would bar the state of Texas from interfering with the use of cash or any cash alternatives, including gold, silver, or cryptocurrency in transactions within the state. This would set the state for currency competition in Texas.

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