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GA HB1306
Bill
Status
2/12/2026
Primary Sponsor
Todd Jones
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AI Summary
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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
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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
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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
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Exempts all purchases, sales, and exchanges of gold and silver specie from state tax liability
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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