26RS SB 99

Senate Bill 99

Actions

Last Action	01/15/26: to Committee on Committees (S)
Title	AN ACT relating to transactional precious metals.
Bill Documents	Introduced
Bill Request Number	1276
Sponsors	S. Rawlings, L. Tichenor, A. Reed, S. West, G. Williams
Summary of Original Version	Create a new section of KRS Chapter 41 to define terms; recognize gold specie and silver specie as legal tender in Kentucky; provide for use of gold specie and silver specie as legal tender; require the State Treasurer to promulgate administrative regulations in accordance with KRS Chapter 13A to designate or establish a bullion depository and authorize 1 or more electronic payment systems to facilitate electronic payment transactions; establish requirements for system participants, transaction information, and bullion deposits; require the State Treasurer to submit an annual report to the Legislative Research Commission and to implement the system within 1 year; amend KRS 141.109 and 141.039 to exempt capital gains and losses attributable to the sale or exchange of gold specie and silver specie; provide that Section 1 of the Act may be cited as the Kentucky Transactional Gold and Silver Act.
Index Headings of Original Version	Administrative Regulations And Proceedings - State Treasurer, transactional gold and silver, administration Civil Actions - Transactional gold and silver, social credit scoring system, use of transaction data, prohibition Commerce - Gold and silver specie, legal tender Commerce - Transactional gold and silver, payments Constitution, U.S. - Gold and silver specie, legal tender, recognition Reports Mandated - State Treasurer, transactional gold and silver Short Titles And Popular Names - Kentucky Transactional Gold and Silver Act Taxation - Gold and silver specie, capital gains and losses, exemption Taxation - Gold and silver specie, method of payment Taxation, Income--Corporate - Gold and silver specie, capital gains and losses, exemption Taxation, Income--Individual - Gold and silver specie, capital gains and losses, exemption Technology - Transactional gold and silver, electronic payments Treasurer - Transactional gold and silver, administration