Arizona Introduces SB1096: Gold and Silver as Legal Tender
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Arizona Introduces SB1096: Gold and Silver as Legal Tender

LEGAL TENDER IS MONEY AND IS NOT SUBJECT TO TAXATION OR REGULATION AS PROPERTY OTHER THAN MONEY

Arizona Introduces SB1096: Gold and Silver as Legal Tender

By Tenth Amendment Center Blog

PHOENIX AZ: Arizona may become the second state, after Utah, to recognize gold and silver as legal tender authorized for payments of debts and taxes.

Arizona Senator Chester Crandell, along with Senator Kelli Ward and  Representatives  LivingstonBartonBorelliSeelKwasmanThorpeTownsendFarnsworth and Mitchell introduced SB1096, the Constitutional Tender Act. This allows businesses and the state government to accept payments in gold or silver. This is NOT a mandate, but will simply allow those that wish to exchange goods and services for gold or silver to do so, legally, without additional taxes and fees.

The Legal Tender bill specifies that legal tender in Arizona consists of all of the following:

IN THE STATUTES AND LAWS OF THIS STATE, UNLESS THE CONTEXT OTHERWISE REQUIRES
“LEGAL TENDER” MEANS AN AUTHORIZED MEDIUM OF EXCHANGE FOR THE PAYMENT OF DEBTS AND TAXES. ”SPECIE” MEANS COIN OR BULLION HAVING GOLD OR SILVER CONTENT.
LEGAL TENDER IN THIS STATE CONSISTS OF ALL OF THE FOLLOWING:

1.  LEGAL TENDER AUTHORIZED BY CONGRESS.

2.  SPECIE COIN ISSUED AT ANY TIME BY THE UNITED STATES GOVERNMENT.

3.  ANY OTHER SPECIE THAT A COURT OF COMPETENT JURISDICTION RULES BY A FINAL, UNAPPEALABLE ORDER TO BE WITHIN THE SCOPE OF STATE AUTHORITY TO MAKE A LEGAL TENDER.

B.  EXCEPT AS EXPRESSLY PROVIDED BY CONTRACT, A PERSON MAY NOT COMPEL ANY OTHER PERSON TO TENDER OR ACCEPT SPECIE LEGAL TENDER.

Legal tender exchanges; payment of taxes

A.  NOTWITHSTANDING ANY OTHER LAW, THE EXCHANGE OF ONE FORM OF LEGAL TENDER FOR ANOTHER DOES NOT GIVE RISE TO LIABILITY FOR ANY TYPE OF TAX.

B.  LEGAL TENDER IS MONEY AND IS NOT SUBJECT TO TAXATION OR REGULATION AS PROPERTY OTHER THAN MONEY.

BACKGROUND INFORMATION

Currently all debts and taxes in Arizona and the rest of the United States are either paid with Federal Reserve Notes (dollars) which were authorized as legal tender by Congress, or with coins issued by the U.S. Treasury — very few of which have gold or silver in them.

via Arizona Introduces SB1096: Gold and Silver as Legal Tender | Tenth Amendment Center Blog.

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