Mississippi House Bill 1518

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 5 2024 - 100% progression
Action: 2024-03-05 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

An Act To Define The Terms Legal Tender And Specie; To Authorize Gold And Silver Coin As Legal Tender; To Prohibit Specie Or Legal Tender From Being Characterized As Personal Property For Taxation Or Regulatory Purposes; To Provide That The Exchange Of One Type Or Form Of Legal Tender For Another Type Or Form Of Legal Tender Shall Not Give Rise To Any Tax Liability; To Provide That The Purchase, Sale, Or Exchange Of Any Type Or Form Of Specie Shall Not Give Rise To Any Tax Liability; To Prohibit A Person From Compelling Another Person To Tender Specie Or To Accept Specie As Legal Tender; To Require The Attorney General's Office To Enforce This Act Without Prejudice To A Private Right Of Action; To Provide That Specie May Be Recognized To Pay Debts; To Bring Forward Section 75-1-201, Mississippi Code Of 1972, Which Relates To General Definitions Of The Uniform Commercial Code, For Purposes Of Possible Amendment; To Bring Forward Section 75-15-3, Mississippi Code Of 1972, Which Relates To The Mississippi Money Transmitters Act, For Purposes Of Possible Amendment; To Bring Forward Section 89-12-3, Mississippi Code Of 1972, Which Relates To The Uniform Disposition Of Unclaimed Property Act, For Purposes Of Possible Amendment; And For Related Purposes.

Gold and silver; authorize as legal tender.

Rep. Carolyn Crawford [R]

Date	Chamber	Action
2024-03-05	House	Died In Committee
2024-02-19	House	Referred To Banking and Financial Services

Chapter	Article	Section	Citation Type	Statute Text
75	1	201	New Code	See Bill Text
75	15	3	New Code	See Bill Text
89	12	3	New Code	See Bill Text

Type	Source
Summary	https://billstatus.ls.state.ms.us/2024/pdf/history/HB/HB1518.xml
Text	https://billstatus.ls.state.ms.us/documents/2024/html/HB/1500-1599/HB1518IN.htm