Public Funds and Financing - As introduced, enacts the "Tennessee Transactional Gold and Silver Act," which recognizes gold and silver as legal tender for private transactions and, when accepted, for paying state and local taxes or fees; authorizes the creation of a secure bullion depository and an electronic payment system to support the use of gold and silver; exempts gold and silver transactions from state and local taxation. - Amends TCA Title 9, Chapter 4.

Summary

The bill recognizes physical gold and silver as legal tender for private transactions and, when the state agrees, for taxes and fees. It directs the state treasurer to establish a secure bullion depository and an electronic payment system so people can store, transfer, and spend precious metals. Gold‑ and silver‑based transactions would be exempt from state and local taxes.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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