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MT HB382
Bill
Status
Failed
5/20/2025
Primary Sponsor
Tom Millett
Click for details
AI Summary
- Gold and silver coins issued by the United States are recognized as legal tender in Montana, though no person can compel another to accept specie legal tender except by express contract
- Net capital gains from the sale or exchange of specie legal tender are exempt from Montana individual income tax; net capital losses cannot be deducted
- Exchanges of specie legal tender for other forms of legal tender are exempt from individual income tax and any state sales tax
- Central bank digital currencies are explicitly excluded from recognition as legal tender in Montana
- State agencies, courts, and political subdivisions are prohibited from seizing specie legal tender without a district court order, enforcing federal laws that infringe on specie legal tender rights, or restricting acquisition and use of specie legal tender; violations create a cause of action with attorney fee recovery
Legislative Description
Establish the specie legal tender act
Taxation--Individual Income
Last Action
(H) Died in Process
5/20/2025
Committee Referrals
Business & Labor2/4/2025
Full Bill Text
No bill text available