Federal Reserve
To the Governor: Alabama Bill Would Recognize Gold and Silver as Legal Tender
MONTGOMERY, Ala. (April 1, 2025) β With a unanimous vote in both chambers, the Alabama Legislature has sent a bill to the governorβs desk that would formally recognize gold and silver as legal tender in the state. If signed into law, the measure would take a crucial...
Kentucky Legislature Overrides Governor’s Veto, Reinstates Sales Tax Exemption on Gold and Silver
FRANKFORT, Ky. (March 31, 2025) β Last week, the Kentucky House and Senate overrode Governor Andy Beshear’s veto and reinstated a sales tax exemption on gold and silver. In 2024,Β the Kentucky legislature repealed the sales tax on gold and silver bullion in an...
Tennessee Senate Committee Advances Measure to Facilitate Gold and Silver Reserves
NASHVILLE, Tenn. (March 27, 2025) β On Tuesday, a Tennessee Senate committee passed a bill to establish a mechanism to facilitate the establishment of state-owned gold and silver reserves, including their purchase and sale. If passed, the measure could bolster...
Florida Senate Committee Advances Bill to Expand Sales Tax Exemption on Gold and Silver
TALLAHASSEE, Fla. (March 26, 2025) – Yesterday, a Florida Senate committee unanimously passed a bill that would treat gold and silver more like money by expanding the state sales tax exemption on bullion. Under the current Florida tax code, the sale of gold,...