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TN SB1813
TN SB1813AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 4, relative to precious metals.
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, enacts the "Tennessee Transactional Gold and Silver Act," which recognizes gold and silver as legal tender for private transactions and, when accepted, for paying state and local taxes or fees; authorizes the creation of a secure bullion depository and an electronic payment system to support the use of gold and silver; exempts gold and silver transactions from state and local taxation. - Amends TCA Title 9, Chapter 4.
AI Summary
This bill, known as the "Tennessee Transactional Gold and Silver Act," establishes gold and silver as legal tender for private transactions within Tennessee, meaning they can be used to pay debts between individuals if both parties agree. It also allows for these precious metals to be used for paying state and local taxes or fees if the government entity agrees to accept them. To support this, the bill authorizes the creation of a secure bullion depository, which is a facility for storing refined gold or silver metal, and an electronic payment system that uses this stored precious metal as the basis for transactions. Importantly, all transactions involving gold and silver under this act are exempt from state and local taxation, and the bill explicitly states that this system is not intended for government surveillance or control.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Senate Revenue Subcommittee Of Finance, Ways & Means Hearing (00:00:00 3/3/2026 Cordell Hull Building) (on 03/03/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1813&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1813.pdf |
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