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NH HB721

Bill

Status

Introduced

1/22/2025

Primary Sponsor

Juliet Harvey-Bolia

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Establishes gold and silver in coin or bar form as legal tender for all public and private transactions in New Hampshire, provided buyer and seller agree on the fair market value

  • Allows individuals to possess any amount of gold or silver in coin or bar form without restriction

  • Creates new RSA Chapter 5-E titled "New Hampshire Legal Tender Act" with severability provisions

  • Effective date of July 1, 2025

  • Fiscal impact is indeterminable; state agencies would need new infrastructure to accept precious metals, including security measures, armored transportation, and secure storage, with potential revenue impacts to the General Fund and Education Trust Fund from possible Business Profits Tax exemptions on exchange transactions

Legislative Description

Relative to establishing gold and silver as legal tender.

Last Action

Refer for Interim Study: Motion Adopted Voice Vote 01/07/2026 House Journal 1

1/7/2026

Committee Referrals

Commerce and Consumer Affairs1/22/2025

Full Bill Text

No bill text available