KY SB99

Recognizes gold and silver specie as legal tender in Kentucky for payment of debts between private parties (by mutual agreement) and for taxes, fees, or obligations owed to the state or local governments (if the government agrees to accept it)

Requires the State Treasurer to designate or establish a bullion depository for secure storage of gold and silver bullion, authorize electronic payment systems for precious metals transactions, and implement the system within one year

Mandates 100% insurance coverage for all bullion deposits and protects deposits as sole property of account holders, not subject to state or federal appropriation without due process

Excludes capital gains and losses from the sale or exchange of gold and silver specie from Kentucky state income tax calculations for both individuals and corporations

Prohibits transaction information from being used in social credit scoring systems and creates a private cause of action with compensatory damages, injunctive relief, and attorney's fees for violations