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Sound Money Advocates in Wyoming Introduce Bill to Establish Gold Reserve
Lawmakers in Wyoming have introduced legislation today to create the “Wyoming Gold Reserve.”www.soundmoneydefense.org
Legislation Introduced in Virginia to Keep Gold and Silver Tax Free
Virginia currently exempts precious metals purchases from state sales tax, however this exemption is set to expire in June of this year. House Bill 2336 aims to extend the current law on gold and silver.www.soundmoneydefense.org
SALT LAKE CITY, Utah (May 3, 2024) – On Wednesday, a Utah law creating a process for the state to invest in and hold precious metals in reserve accounts went into effect. This sets a foundation for the Beehive State to achieve more financial independence and take a small step toward undermining the Federal Reserve’s monopoly on money.
Rep. Ken Ivory introduced House Bill 348 (HB348) on Jan. 19. The Senate approved HB348 by a 25-2 vote. The House approved the bill by a vote of 52-18. With Gov. Spencer Cox’s signature, the law went into effect on May 1.
Holding gold and silver will allow the state of Utah to shield its assets and hedge against rapidly depreciating Federal Reserve notes. Adding gold and silver in reserve could also create a pathway for Utah to maintain financial independence should the U.S. dollar collapse, a very real possibility as the world moves away from the greenback as its reserve currency.
Now in Effect: Utah Law Authorizes State Gold and Silver Reserves | Tenth Amendment Center
SALT LAKE CITY, Utah (May 3, 2024) – On Wednesday, a Utah law creating a process for the state to invest in and hold precious metals in reserve accounts went into effect. This sets a foundation for the Beehive State to achieve more financial independence and take a small step toward undermining...blog.tenthamendmentcenter.com
Well that's some bullshit. How often do Governors oppose expanding State power? MoneyMetals (closely tied to the Sound Money Defense League) is building a huge vault facility in Idaho. I wonder if they might start supporting a challenger for the Idaho Governor...
JP Cortez said:Yes exactly. The legislature passed a bill ending the sales tax in 2024 as part of a larger bill. The governor line-item vetoed our sales tax exemption specifically, sneering, "if you can afford to buy gold, you can afford to pay tax."
The legislature said, "you can't do that, it's unconstitutional."
The attorney general declared the Gov.'s veto was unconstitutional, as the KY gov. does not have the power to line-item veto this specific type of bill, according to the KY Constitution.
The gov ignored the AG and told his departments to continue collecting the tax on purchases of sound money, and that anyone who does not comply is subject to legal or financial penalties.
So now this year, there's a bill by @SteveDoanLaw to repeal and reenact the exemption that was passed in 2024, backdated to the original passage date.
And a bill by @realTJRoberts that gives citizens an avenue to sue the governor and his departments for wrongful taxation on purchases of gold and silver.
Alabama State Sen. Tim Melson Named 2024’s “Sound Money Legislator of the Year”
America's top-rated national precious metals dealer and the nation's preeminent sound money policy group are proud to announce Alabama state Senator Tim Melson as the 2024 "Sound Money Legislator of the Year."www.soundmoneydefense.org
Update:
Constitutional Money Act Filed in Missouri House | Tenth Amendment Center
Two bills filed in the Missouri House would officially recognize gold and silver as legal tender, eliminate state capital gains taxes on both, and ban support for any federal confiscation schemes.blog.tenthamendmentcenter.com
the last couple of years we have had real money bills go thru our state congress each year they ALMOST make it thru both houses.....maybe this year for Missouri i hope
More:
Alabama Panel Advances Bill to Recognize Gold and Silver as Legal Tender | Tenth Amendment Center
Under the Alabama Legal Tender Act, "any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity" would be recognized as legal tender in the state.blog.tenthamendmentcenter.com
Update.
Missouri House Committee Holds Hearing on Constitutional Money Act | Tenth Amendment Center
Under the “The Constitutional Money Act,” gold and silver would be accepted as legal tender in physical or electronic form, and would be receivable in payment of all debts contracted for in the state of Missouri.blog.tenthamendmentcenter.com
Update:
Arizona Bill Would Create Gold and Silver-Backed Transactional Currency
An Arizona Senate bill aims to create a state-backed transactional currency supported entirely by gold and silver, along with a state-operated bullion depository.goldseek.com
Update.
Idaho Constitutional Money Act Would Recognize Gold and Silver as Legal Tender | Tenth Amendment Center
Under the Idaho Constitutional Money Act of 2025, gold and silver coins and specie minted domestically would be recognized as legal tender in the state and would be "accepted for the satisfaction of debts under the laws of the state of Idaho or of the United States."blog.tenthamendmentcenter.com
(Frankfort, Kentucky) -- In a high-stakes showdown with Gov. Andy Beshear over a gold and silver sales tax exemption, the Kentucky legislature today deemed his attempted line-item veto as an illegal act -- and directed the Secretary of State to enroll the exemption into law.
This action makes the Bluegrass State the 45th state in the nation to enact this sound money policy – and the second this year.
After Illegal Veto, Kentucky Becomes 45th State to End Sales Taxes on Gold and Silver
In a high-stakes showdown with Gov. Andy Beshear over a gold and silver sales tax exemption, the Kentucky legislature today deemed his attempted line-item veto as an illegal act -- and directed the Secretary of State to enroll the exemption into law.www.soundmoneydefense.org
Sal chimes in
Was @gringott involved?
If they lift the tax on purchases under $500, that would also be nice...
Oklahoma lawmakers ponder state gold and silver depository
What Oklahoman doesn’t long for a state-operated Fort Knox to store their gold and silver bullion?
OK, probably not that many. But also maybe more than the average person might think.
Surveys suggest that 10% to 12% of American adults own gold or silver. To what extent Oklahoma fits the profile is unknown, but it is among a wave of mostly conservative states considering state-owned bullion depositories that issue debit cards allowing depositors to draw against the cash value of their precious metals.
At least two such bills have been filed for the upcoming session: Senate Bill 1351 by Sen. David Bullard, R-Durant, and SB 1507 by Sen. Shane Jett, R-Shawnee.
More:
Oklahoma lawmakers ponder state gold and silver depository
Similar bills filed in recent years have gone mostly nowhere, but there does seem to be something of a national push to get states into the bullion business.tulsaworld.com
To the Governor: Kentucky Bill Would Reinstate Vetoed Sales Tax Exemption on Gold and Silver | Tenth Amendment Center
Rep. TJ Roberts, along with a large coalition of cosponsors, filed House Bill 2 (HB2) to end collection of the tax and to provide a legal process for those charged the tax after its repeal to sue in state circuit court for a refund with interest, along with damages. This would set the stage for...blog.tenthamendmentcenter.com
Update.
Alabama Senate Unanimously Passes Bill to Recognize Gold and Silver as Legal Tender | Tenth Amendment Center
Under the Alabama Legal Tender Act, “any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity” would be recognized as legal tender in the state.blog.tenthamendmentcenter.com
JP Cortez said:I (@soundmoneydef ) was invited to the ceremonial bill signing in Frankfort, Kentucky for @realTJRoberts's House Bill 2. This bill finally ends sales tax on gold and silver, and it encourages taxpayers to sue Gov. Andy Beshear and his departments for significant penalties due to wrongful taxation.
This was in response to Beshear instructing his departments to keep collecting a tax on sound money, even after the legislature officially eliminated it in 2024.
As such, the governor was unavailable during the ceremony, and the Kentucky Secretary of State happily signed the bill into law instead.
Watch my testimony this morning before the Florida House Ways & Means Committee on HB999 – The Legal Tender Act.
This is about more than gold and silver—this is about economic justice, protecting purchasing power, and securing financial freedom for all Floridians.
We’re 3 committees down, 1 in the Senate & 2 in the House, 3 more to go. The bill has passed unanimously with bipartisan support every step of the way.
Florida is leading the nation on Sound Money.
Arkansas Governor Signs Senate Bill 1718, Reaffirming Gold and Silver as Legal Tender and Removing All Tax Liability from the Monetary Metals
Little Rock, Arkansas (April 18, 2023) – Sound money advocates are rejoicing as House Bill 1718, the Arkansas Legal Tender Act has become the law in the Natural State.
Backed by the Sound Money Defense League, Money Metals Exchange, and sound money advocates and supporters throughout the state, HB 1718 reaffirms gold and silver as legal tender, as well as ends all taxes on purchase, sale, or exchange of specie, including state capital gains taxes.
Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver
Little Rock, Arkansas (April 18, 2023) – Sound money advocates are rejoicing as House Bill 1718, the Arkansas Legal Tender Act has become the law in the Natural State. Backed by the Sound Money Defense League, Money Metals Exchange, and sound money advocates and supporters throughout the state...www.soundmoneydefense.org
Arkansas House Passes Bill to Expand Gold and Silver Legal Tender Act | Tenth Amendment Center
The bill, filed by Rep. Mindy McAlidnon and three cosponsors, would expand the legal tender law to explicitly recognize gold and silver as a medium to "pay private debts, taxes, and fees levied by the state or local government if the state or local government agrees to payment with physical gold...blog.tenthamendmentcenter.com
Now they need to eliminate state income tax and property tax.Arkansas HB 1918 passed the State Senate and is now headed to the Governor's Office for signature into law.
HB1918 Bill Information
This site is maintained by the Arkansas Bureau of Legislative Research, Information Systems Dept., and is the official website of the Arkansas General Assembly.arkleg.state.ar.us
And replace it with what, in Florida the governor talks about replacing property tax but fails to expain what will replace it....Now they need to eliminate state income tax and property tax.
Nothing.And replace it with what, in Florida the governor talks about replacing property tax but fails to expain what will replace it....
That means you must cut spending somewhere, so what do you plan to cut?Nothing.
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