Bill
HB 2088
Overview: HB 2088, "legal tender; uses", was prefiled on January 24, 2025.Purpose and Intent: The bill aims to recognize gold and silver coins as legal tender in the state, allowin
Overview: HB 2088, "legal tender; uses", was prefiled on January 24, 2025.
Purpose and Intent: The bill aims to recognize gold and silver coins as legal tender in the state, allowing their use for the payment of debts, public charges, taxes, and dues.
Key Provisions:
- Defines gold and silver coins issued by the U.S. Mint or any other nation as legal tender in the state.
- Requires the state and all of its political subdivisions to accept gold and silver coins as payment for any public debt, charge, tax, or dues.
- Prohibits the state from imposing any tax, fee, or other charge on the exchange of legal tender gold or silver coins for other forms of money.
Affected Parties and Impacts: The bill would affect all residents, businesses, and government entities within the state by allowing the use of gold and silver coins as an alternative to fiat currency for various transactions and payments.
Procedural and Timeline Considerations: The bill has been prefiled and is awaiting further legislative action.
Compiled from official sources — confirm details with the bill’s official record.
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