Kansas committee hears SB 39 legal-tender bill as supporters tout tax relief and opponents warn of new regulatory reach Supporters told the Committee on Financial Institutions and Pensions that SB 39 would restore legal-tender status to gold and silver and remove the state capital-gains tax on transactional specie; opponents said a Senate amendment could unintentionally subject small coin dealers and retailers to the Kansas Money Transmission Act.

The Kansas Legal Tender Act could transform how gold and silver are used in transactions, eliminating state capital-gains tax and potentially reshaping the financial landscape.

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Kansas Senate reviews bill to establish gold and silver as legal tender Senate Bill 39 seeks to designate gold and silver as legal tender in Kansas.

Kansas lawmakers are debating a groundbreaking bill that could make gold and silver legal tender, potentially transforming the state's economic landscape amid rising inflation concerns.

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#KS #EconomicStability #KansasLegalTender #InflationHedge #CitizenPortal #CurrencyReform