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MS HB104
Bill
Status
3/6/2012
Primary Sponsor
Gary Chism
Click for details
AI Summary
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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.
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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.
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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.
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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.
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Takes effect July 1, 2012.
Legislative Description
Legal Tender Act; create.
Last Action
Died In Committee
3/6/2012