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GA HB1306

Bill

Status

Introduced

2/12/2026

Primary Sponsor

Todd Jones

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Recognizes gold and silver specie as legal tender in Georgia for payment of debts between consenting private parties and for taxes/fees if the state or political subdivision agrees to accept it

  • Creates a six-member Bullion Depository Commission (five voting members appointed by the Governor, Senate President, and House Speaker, plus the State Treasurer as nonvoting member) to establish and oversee bullion depositories and electronic payment systems

  • Requires bullion depositories to insure all deposits at 100% of full replacement value under nongovernmental insurance policies, with deposits remaining sole property of account holders

  • Exempts all purchases, sales, and exchanges of gold and silver specie from state tax liability

  • Prohibits use of transactional gold and silver systems for surveillance, social credit scoring, or behavioral conditioning, with implementation required by January 1, 2028 and annual reporting to the General Assembly beginning July 1, 2028

Legislative Description

Transactional Gold and Silver Act; enact

Last Action

House Second Readers

2/18/2026

Committee Referrals

Banks and Banking2/17/2026

Full Bill Text

No bill text available