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WV HB4673
Bill
Status
1/21/2026
Primary Sponsor
Chris Anders
Click for details
AI Summary
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Establishes the West Virginia Bullion Depository within the State Treasury to hold gold and silver bullion and specie in trust for account holders, with the State Treasurer serving as administrator
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Recognizes gold and silver coin issued by the U.S. government, plus bullion and specie deposited in the state depository, as legal tender for payment of debts and taxes in West Virginia
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Creates a "transactional currency" system allowing account holders to conduct electronic transactions backed by their physical gold or silver holdings, valued at real-time market rates
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Exempts bullion and specie held in the depository from personal property taxation and eliminates tax liability on exchanges between different forms of legal tender
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Requires the depository to maintain insurance covering the full value of all deposits, provide security measures including armed officers, and keep account holder information confidential
Legislative Description
To make gold, silver, and crypto currency legal tender in WV
Banking and Finance
Last Action
To House Finance
1/21/2026