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MS HB104

Bill

Status

Failed

3/6/2012

Primary Sponsor

Gary Chism

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Declares certain gold and silver coins as legal tender in Mississippi, including U.S. government-issued gold and silver coins and coins with at least 90% fine gold or silver content from specified countries.

  • Exempts holders of legal tender from tax liability on holdings, exchanges between forms of legal tender, or increases in purchasing power of one form compared to another.

  • Prohibits compelling any person to tender or accept gold or silver legal tender, except between parties with a contract specifically requiring payment in a particular type of legal tender.

  • Directs the Attorney General to employ all reasonable measures to ensure the full monetization, integrity, unfettered circulation, and equal protection of gold and silver legal tender.

  • Takes effect July 1, 2012.

Legislative Description

Legal Tender Act; create.

Last Action

Died In Committee

3/6/2012

Full Bill Text

No bill text available