House Bill 405

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to legal tender.
Bill Documents Bill
Bill Request Number 1668
Sponsor T. Kerr
Summary of Original Version Create a new section of KRS Chapter 41 to establish specie legal tender as legal tender in Kentucky; amend KRS 139.480 to exempt the purchase and sale of specie legal tender from sales tax; amend KRS 141.010 to exclude gains or losses from the sale of specie legal tender from "capital gains."
Index Headings of Original Version Taxation, Income--Individual - Capital gains, legal tender, silver and gold coins, exclusion from
Taxation, Sales and Use - Sale of legal tender, silver and gold coins, exclusion from
United States - Legal tender, silver and gold coins, minted by
Commerce - Legal tender, silver and gold coins

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02/12/16
  • introduced in House
02/16/16
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:08 PM (EST)