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Lawmakers consider inserting Kansas Legal Tender Act language into HB 25-15 as governor signs related bill
Summary
During a legislative session, members reviewed adding Senate Bill 39language (the proposed Kansas Legal Tender Act) into House Bill 25-15, clarified that exchanges of gold and silver would generally not trigger tax liability (with a retirement-account exception), and noted HB 2591 was signed into law during the meeting.
Lawmakers in a legislative meeting discussed taking language from Senate Bill 39, the proposed "Kansas Legal Tender Act," and inserting it into House Bill 25-15. Chair announced the governor had signed HB 2591 into law during the session, which carries related virtual-currency-kiosk provisions.
"This was the virtual currency kiosk consumer protection act," David, the reviser, said in summary of HB 25-15, and he described SB 39 as the vehicle for legal-tender provisions. David said SB 39 "would establish the Kansas Legal Tender Act" and…
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