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ID H0627
Bill
Status
2/22/2024
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Designates gold and silver coin minted foreign or domestic as legal tender in Idaho to the full extent allowed by the U.S. Constitution.
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Prohibits any person or entity from compelling another to tender or accept gold or silver coin unless expressly agreed upon by the parties.
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Exempts specie and legal tender from being characterized as personal property for taxation or regulatory purposes.
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Prohibits tax liability from arising from exchanges between different forms of legal tender or from purchases, sales, or exchanges of specie.
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Becomes effective July 1, 2024, with severability provisions protecting remaining law if any provision is invalidated.
Legislative Description
Adds to existing law to provide that gold and silver coin shall be legal tender, to provide that no person or entity may compel another person or entity to tender or accept gold or silver coin, and to establish provisions regarding the prohibition of certain forms of taxation.
LEGAL TENDER
Last Action
Reported Printed and Referred to State Affairs
2/23/2024