Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House members give favorable report to bill clarifying use of gold and silver as payment
Summary
Members gave a favorable report to SB 13 after staff explained the bill leaves valuation of gold and silver payments to payer and receiver and confirmed precious-metal ingots are included.
Presiding member opened a motion and the panel gave a favorable report to SB 13, a bill that clarifies how gold and silver may be used as payment and how their value is reported.
The measure spells out that the choice to accept gold or silver as payment is voluntary and that “the payer and the receiver” determine the value recorded, a staff member said. “That I can pay with gold or silver if the person is willing to accept that as currency and you can establish a value, then you would be able…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
