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HB 1227·IN·house

Designation of gold and silver as legal tender.

FailedFiled Jan 5, 2026
Sponsor: Shane Lindauer (Republican)
Latest Action

Authored by Representative Lindauer

Jan 5, 2026

Summary

The bill would recognize gold and silver (specie) as legal tender and let Indiana residents open accounts at state‑designated bullion depositories. The state treasurer must select these depositories, set up an electronic payment system, and allow public funds to be stored as bullion. It also exempts bullion from property tax and gross‑retail tax, requires annual audits, and mandates reporting to the legislature.

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