The proposed law would make gold and silver specie legal tender in the state, recognizing it as a medium of exchange for the payment of debts. In effect, gold and silver specie would be treated as money, rather than a mere investment vehicle, putting it on par with Federal Reserve notes in Alaska.
OKLAHOMA CITY, Okla. (Feb. 19, 2024) – Today, an Oklahoma House Committee passed a bill that would eliminate state capital gains taxes on gold and silver specie, and clarify and expand the definition of gold and silver as legal tender in the state. In 2014, Oklahoma took the first step and declared gold and silver coins
a Kansas Senate committee passed a bill that would make gold and silver legal tender in the state, and would effectively repeal the state capital gains tax on the same.
A bill filed in the Oklahoma House would eliminate state capital gains taxes on gold and silver specie, and clarify the definition of gold and silver as legal tender in the state.
A bill filed in the Kansas Senate would make gold and silver legal tender in the state and would effectively repeal the state capital gains tax on the same. Passage into law would eliminate barriers to using gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.