Louisiana may soon start accepting gold and silver as currency if proposed legislation is enacted by legislators in the Louisiana Legislature.
Eleven states currently recognize gold and silver coins as legal tender. Other states, including Louisiana, are either pursuing similar legislation or have made past attempts to do so.
The Utah Legal Tender Act, enacted in 2011, recognizes U.S.-mint gold and silver coins as legal tender.
Despite current proposed legislation, Louisiana passed a law in 2013 acknowledging gold and silver coins as legal tender.
In 2017, Texas introduced legislation to establish gold and silver as legal tender, including safeguards against seizure by state authorities.
In 2013, the Kansas Committee on Taxation passed a bill declaring U.S.-minted coins as both of legal tender and tax-exempt.
More: Louisiana may soon recognize silver, gold as currency, according to proposed legislation
Oklahoma’s Senate Bill 862 recognized gold and silver U.S.-minted coins as legal tender and exempt from taxation in 2014.
The South Carolina House of Representatives passed a bill declaring gold and silver legal tender in 2013.
Wyoming established a law in 2018 that eliminated the taxation of gold and silver bullion, effectively treating them as tender free from sales tax.
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Eleven states recognize gold, silver as U.S. currency. Which states are they? – Shreveport Times
