Sound Money Bill in Tennessee

On 2 FEB 2017  the Tennessee House and Senate filled Bills which would exempt gold and silver bullion and coins from sales tax. This would in hopefully encouraging their use and help limit the Federal Reserve’s corrupt monopoly on money.

Senator Frank Nicely, a Republican, introduced Senate Bill 350 (SB350)  and Representative Bud Hulsey, Republican, introduced a similar bill (HB342) in the House.

Sound Money Bill in Arizona

The Arizona house legislature just passed a bill on 13 FEB 2017, that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. However the senate still needs to approve it. If passed this could help limit the Federal Reserve’s corrupt monopoly on money.

Representative  Mark Finchem, a republican introduced House Bill 2014 (HB2014) on 9 JAN 2017. The bill would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill further defines legal tender as “a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” 

State Gold and Silver Bill in Utah

The the Utah legislature is discussing a bill that would build on the state’s Legal Tender Act this would create a foundation to further encourage the use of gold and silver as money. Many see this as another blow toward the Federal Reserve’s monopoly on money.

Representative Ken Ivory a Republican introduced House Bill 224 (HB224) on Jan. 27. 2017.  The bill would add provisions to another state law which is in place to encourage the use of gold and silver as legal tender. Hopefully this will set the stage for extending gold repositories in the state and authorizing more sound money policies for the benefit of all.