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Bill > HB1481
TN HB1481
TN HB1481AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7; Title 9; Title 38; Title 45 and Title 67, relative to precious metals.
summary
Introduced
01/31/2023
01/31/2023
In Committee
02/02/2023
02/02/2023
Crossed Over
Passed
Dead
04/25/2024
04/25/2024
Introduced Session
113th General Assembly
Bill Summary
As introduced, makes gold and silver coinage legal tender; authorizes payment of taxes with gold and silver coinage; makes other changes concerning precious metals. - Amends TCA Title 5; Title 6; Title 7; Title 9; Title 38; Title 45 and Title 67.
AI Summary
This bill makes gold and silver coinage legal tender in Tennessee, allowing for their use in paying taxes and other debts. It requires the state to accept gold and silver as payment, though individuals are not required to use them. The bill also allows for the production and sale of gold and silver coins in the state, provided they are properly labeled. Any gold and silver received by the state must be stored in a depository institution and used only after other state funds are exhausted.
Committee Categories
Budget and Finance
Sponsors (9)
Bud Hulsey (R)*,
Ed Butler (R),
Clay Doggett (R),
Monty Fritts (R),
Rusty Grills (R),
Doc Kumar (R),
Dennis Powers (R),
Chris Todd (R),
Jason Zachary (R),
Last Action
Returned to the Clerk's Desk. (on 04/18/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1481&ga=113 |
| Fiscal Note - SB0311 | https://www.capitol.tn.gov/Bills/113/Fiscal/SB0311.pdf |
| BillText | https://www.capitol.tn.gov/Bills/113/Bill/HB1481.pdf |
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