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Home > Uncategorized > Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver

Arkansas Passes Legal Tender Act, Removes Taxes on Gold and Silver

April 19, 2023 by Philip Barton

Thursday

Another small step on a long journey back from the brink.

From Headline USA…

‘The exchange of one type or form of legal tender for another type or form of legal tender shall not give rise to any tax liability…’

By Editor 1
April 18, 2023
school choice Ark. Sanders
Arkansas Gov. Sarah Huckabee Sanders signs into law an education overhaul bill. / PHOTO: AP

(Sound Money Defense League) Sound-money advocates are rejoicing as House Bill 1718, the Arkansas Legal Tender Act has become the law in the Natural State.

Backed by the Sound Money Defense League, Money Metals Exchange, and sound-money advocates and supporters throughout the state, HB 1718 reaffirms gold and silver as legal tender, as well as ends all taxes on purchase, sale or exchange of specie, including state capital-gains taxes.

Read it all HERE

 

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