HB2427 — 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.

HB2427 — 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. · Informed CitizenryThe 'Tennessee Transactional Gold and Silver Act' recognizes gold and silver (specie) as legal tender in the state for private transactions, provided both parties agree to the exchange. It also all…Open in Informed Citizenry