AZ HCM2013

Arizona Legislature urges U.S. Congress, the President, and Treasury Department to authorize Treasury Trust Bonds—long-dated securities redeemable in either U.S. dollars or a fixed weight of gold, backed by a portion of the nation's 261.5 million troy ounces of official gold reserves.

Calls for elimination of the 28% federal capital gains tax on gold and silver coins or bullion recognized as legal tender, placing precious metals on equal tax footing with Federal Reserve notes.

Requests federal cooperation with states seeking to restore or expand legal tender status for gold and silver in public finance and private commerce, citing that 43 states have already removed state sales taxes on bullion.

Proposes July 4, 2026 (the 250th anniversary of the Declaration of Independence) as a symbolic launch date for a pilot tranche of Treasury Trust Bonds.

Directs the Arizona Secretary of State to transmit copies of this memorial to the President, congressional leadership, Treasury Secretary, and Arizona's congressional delegation.