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AZ HB2123
Bill
Status
Introduced
1/12/2026
Primary Sponsor
Lisa Fink
Click for details
AI Summary
- Establishes the Arizona Bullion Depository under the State Treasurer to serve as a secure custodian and storage facility for gold and silver bullion owned by the state or Arizona residents.
- Recognizes gold and silver specie as legal tender in Arizona for payment of debts between consenting private parties and for taxes/fees if the state or political subdivisions agree to accept it.
- Requires the State Treasurer to contract with a third-party vendor to implement an electronic payment system allowing account holders to buy, sell, save, or spend bullion backed by physical holdings.
- Mandates that all deposits be insured at 100% replacement value by a nongovernmental insurer and prohibits use of resident information in any social credit scoring system.
- Exempts the purchase, sale, or exchange of specie and bullion from creating any tax liability, treating exchanges between legal tender forms as non-taxable events.
Legislative Description
Bullion depository; establishment
State Treasurer
Last Action
House third reading FAILED voting: (26-28-4-1)
3/10/2026
Committee Referrals
Rules1/12/2026
Regulatory Oversight1/12/2026
Full Bill Text
No bill text available