Mississippi legislation · 2026 Regular Session
Mississippi HB1440: Mississippi Transactional Gold and Silver Act; create.
Status: Failed, February 3, 2026
AN ACT TO CREATE THE MISSISSIPPI TRANSACTIONAL GOLD AND SILVER ACT; TO DEFINE CERTAIN TERMS RELATING TO THIS ACT; TO RECOGNIZE GOLD AND SILVER AS LEGAL TENDER FOR PRIVATE TRANSACTIONS AND, WHEN ACCEPTED, FOR PAYING STATE AND LOCAL TAXES OR FEES; TO AUTHORIZE THE CREATION OF A SECURE BULLION DEPOSITORY AND A SPECIE-BACKED ELECTRONIC PAYMENT SYSTEM; TO EXEMPT GOLD AND SILVER TRANSACTIONS FROM STATE SALES, USE, AND INCOME TAXES; AND FOR RELATED PURPOSES.
What the bill says
An act to create the mississippi transactional gold and silver act; to define certain terms relating to this act; to recognize gold and silver as legal tender for private transactions and, when accepted, for paying state and local taxes or fees; to authorize the creation of a secure bullion depository and a specie-backed electronic payment system; to exempt gold and silver transactions from state sales, use, and income taxes; and for related purposes.
From the introduced text:
AN ACT TO CREATE THE MISSISSIPPI TRANSACTIONAL GOLD AND SILVER ACT; TO DEFINE CERTAIN TERMS RELATING TO THIS ACT; TO RECOGNIZE GOLD AND SILVER AS LEGAL TENDER FOR PRIVATE TRANSACTIONS AND, WHEN ACCEPTED, FOR PAYING STATE AND LOCAL TAXES OR FEES; TO AUTHORIZE THE CREATION OF A SECURE BULLION DEPOSITORY AND A SPECIE-BACKED ELECTRONIC PAYMENT SYSTEM; TO EXEMPT GOLD AND SILVER TRANSACTIONS FROM STATE SALES, USE, AND INCOME TAXES; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. This act shall be known and may be cited as the "Mississippi Transactional Gold and Silver Act." SECTION 2. The Legislature finds that: (a) The use of gold and silver as a medium of exchange has a historical basis in fostering economic stability and individual liberty; (b) Recognizing gold and silver as legal tender promotes competition in the monetary system and protects against reliance on fiat currency; and (c) Establishing mechanisms for the use of precious metals in transactions enhances the state's economic resilience. *HR43/R2154* H. B. No. 1440 ~ OFFICIAL ~ G1/2 26/HR43/R2154 PAGE 1 (MCL\KP) SECTION 3. (1) The following words and phrases have the meanings as provided in this section unless the context clearly indicates otherwise: (a) "Bullion depository" means an entity providing vault facilities within the United States for the …
Sponsors
- Eubanks, Dan (R, 25) · primary sponsor
- Ladner, Timmy (R, 93)
- Randy Boyd (R, 19)
- Shanks, Fred (R, 60)
Latest actions
- : Died In Committee
- : Referred To Banking and Financial Services
Subjects: Mississippi Transactional Gold and Silver Act
Common questions
- What is HB1440?
- HB1440 is a bill in the Mississippi Legislature (2026 Regular Session): Mississippi Transactional Gold and Silver Act; create.
- What does HB1440 do?
- In its own words: An act to create the mississippi transactional gold and silver act; to define certain terms relating to this act; to recognize gold and silver as legal tender for private transactions and, when accepted, for paying state and local taxes or fees; to authorize the creation of a secure bullion depository and a specie-backed electronic payment system; to exempt gold and silver transactions from state sales, use, and income taxes; and for related purposes.
- What is the status of HB1440?
- Failed as of February 3, 2026. Latest action: Died In Committee (February 3, 2026).
- Who sponsored HB1440?
- Eubanks, Dan (R, 25), with 3 co-sponsors.
- Where is the official record for HB1440?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1440.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.