Bill > HB630

This bill, known as "The Constitutional Money Act," establishes comprehensive regulations for the treatment and use of gold and silver as legal tender in Missouri, with several key provisions. The bill allows the state treasurer to keep specie (gold and silver coins or bullion) in the state treasury, mandates that the state accept specie and electronic currency as payment for debts and taxes, and provides protections for individuals' rights to own and use such currency. Importantly, the legislation adds a tax provision that exempts capital gains on the sale of specie from state income tax starting in 2026, which could incentivize investment in gold and silver. The bill explicitly prohibits state agencies from seizing specie from individuals, interfering with its use, or discriminating against it as a form of payment. It defines key terms like "bullion," "electronic currency," and "specie legal tender," and emphasizes that while specie can be used for transactions, no person or entity is required to accept it if they do not wish to do so. The bill aims to recognize gold and silver as legitimate forms of currency in Missouri, drawing on constitutional provisions that allow states to use alternative forms of legal tender.

Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB630&year=2025&code=R