Bill > HB721

This bill establishes the New Hampshire Legal Tender Act, which allows gold and silver coins or bars to be used as legal tender for all public and private transactions within the state. Under this legislation, for a gold or silver transaction to be valid, both the buyer and seller must mutually agree on the fair market value of the metal. The bill explicitly protects an individual's right to possess any amount of gold or silver in coin or bar form. Notably, the bill includes a severability clause, which means that if any part of the law is found to be invalid, the rest of the law can still remain in effect. The legislation is set to take effect on July 1, 2025. While the bill does not provide additional funding or create new positions, government agencies like the Treasury Department and Department of Revenue Administration anticipate potential increased expenses related to infrastructure, security, and handling of precious metal transactions. The bill's fiscal impact is considered "indeterminable," with potential implications for taxation and municipal operations, and it could create challenges in an increasingly electronic-based economic system.

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https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0679&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB721