Amends TCA Title 9, Chapter 4.
Tennessee SB1813 enacts the "Tennessee Transactional Gold and Silver Act," which recognizes gold and silver as legal tender for private transactions and allows their use for paying state and local taxes or fees. The bill affects individuals and businesses engaging in transactions involving gold and silver, and it includes provisions for the establishment of a secure bullion depository and an electronic payment system, while exempting gold and silver transactions from state and local taxation.
Tennessee SB1813 enacts the "Tennessee Transactional Gold and Silver Act," which recognizes gold and silver as legal tender for private transactions and allows their use for paying state and local taxes or fees. The bill affects individuals and businesses engaging in transactions involving gold and silver, and it includes provisions for the establishment of a secure bullion depository and an electronic payment system, while exempting gold and silver transactions from state and local taxation.
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