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ND HB1441

Bill

Official Source

Status

Engrossed

2/10/2025

Primary Sponsor

Nathan Toman

Click for details

Origin

House of Representatives

69th Legislative Assembly

AI Summary

  • Gold and silver specie (refined precious metal bullion stamped with weight and purity) is recognized as legal tender in North Dakota, though no person can be required to accept or offer it for payment
  • Exchanges, purchases, or sales of specie legal tender are exempt from all state tax liability
  • U.S. central bank digital currency (CBDC) is defined as any digital currency, medium of exchange, or monetary unit issued by the Federal Reserve System
  • CBDC is explicitly declared not to be legal tender in North Dakota
  • Amends Section 41-01-09 of the North Dakota Century Code to add the CBDC definition to general commercial code definitions

Legislative Description

The definition of United States central bank digital currency.

Last Action

Second reading, failed to pass, yeas 18 nays 27

3/10/2025

Committee Referrals

Finance and Taxation2/13/2025
Industry, Business and Labor1/15/2025

Full Bill Text

No bill text available