HB 2088
legal tender; uses
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends Arizona law to clarify the definition of "legal tender" and to expand the types of specie that can be considered legal tender in the state. It prohibits compelled use of specific types of currency and promotes voluntary adoption through education and incentives. The bill also addresses taxation and regulation of specie transactions, ensuring they are not subject to state taxes and establishing guidelines for valuation and implementation. Finally, it reinforces the state’s monetary authority and provides for enforcement mechanisms.
Sponsors
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Primary sponsor
Nick Kupper
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