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WV HB4673

Bill

Status

Introduced

1/21/2026

Primary Sponsor

Chris Anders

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • Exempts bullion and specie held in the depository from personal property taxation and eliminates tax liability on exchanges between different forms of legal tender

  • 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

Committee Referrals

Finance1/21/2026

Full Bill Text

No bill text available