Bill > SB39

This bill, titled the Kansas Legal Tender Act, establishes gold and silver coins, referred to as "specie," as legal tender within Kansas for the payment of debts and taxes, defining specie as coins with gold or silver content or refined gold or silver bullion. It also creates an income tax subtraction modification, meaning a reduction in taxable income, for any net gain derived from the sale of specie, with the exception of sales from retirement accounts holding specie. Furthermore, the bill clarifies that the exchange or sale of specie shall not incur any tax liability, and it amends existing tax law to reflect these changes, ultimately repealing the prior version of the tax code section it modifies.

Budget and Finance, Business and Industry, Labor and Employment

Federal and State Affairs (Senate)

https://kslegislature.gov/li/b2025_26/measures/sb39/