SB 99
AN ACT relating to transactional precious metals.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Create a new section of KRS Chapter 41 to define terms; recognize gold specie and silver specie as legal tender in Kentucky; provide for use of gold specie and silver specie as legal tender; require the State Treasurer to promulgate administrative regulations in accordance with KRS Chapter 13A to designate or establish a bullion depository and authorize 1 or more electronic payment systems to facilitate electronic payment transactions; establish requirements for system participants, transaction information, and bullion deposits; require the State Treasurer to submit an annual report to the Legislative Research Commission and to implement the system within 1 year; amend KRS 141.109 and 141.039 to exempt capital gains and losses attributable to the sale or exchange of gold specie and silver specie; provide that Section 1 of the Act may be cited as the Kentucky Transactional Gold and Silver Act.
Sponsors
Official sponsors from legislative records.
Primary sponsor
S. Rawlings
Cosponsors
A. Reed
G. Williams
L. Tichenor
S. West
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.