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Bill > HB2427
TN HB2427
TN HB2427AN ACT to amend Tennessee Code Annotated, Title 9, Chapter 4, relative to precious metals.
summary
Introduced
02/03/2026
02/03/2026
In Committee
03/11/2026
03/11/2026
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 and allows them to be used for paying state and local taxes or fees if the government entity agrees. It also authorizes the creation of a secure bullion depository, which is a facility for storing precious metals like gold and silver, and an electronic payment system that uses this stored bullion 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 a central bank digital currency and cannot be used for surveillance or social control.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on cal. Commerce Committee for 3/18/2026 (on 03/11/2026)
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?BillNumber=HB2427&ga=114 |
| Fiscal Note - SB1813 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1813.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2427.pdf |
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