WV HB5604

Recognizes gold and silver bullion as legal tender in West Virginia for payment of debts between consenting parties and for taxes, fees, and other state obligations.

Requires the State Treasurer to designate or establish bullion depositories and authorize electronic payment systems for bullion transactions by July 1, 2027.

Defines qualifying bullion as gold at least 99.5% pure or silver at least 99.9% pure, including U.S. and foreign government-issued coins and certified bars.

Exempts all purchases, sales, and exchanges of bullion from state tax liability, including exchanges between different forms of legal tender.

Mandates annual reporting to the Joint Committee on Government and Finance on depository operations, electronic payment system usage, and economic effects of the program.