Montana legislation · 2025 Regular Session
Montana HB382: Establish the specie legal tender act
Status: Failed, May 20, 2025
What the bill says
A bill for an act recognizing gold and silver coin or bullion issued by the united states; providing that exchanges of specie legal tender are exempt from individual income tax; defining "specie legal tender"; amending sections 15-30-2101, 15-30-2120, and 45-9-206, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT RECOGNIZING GOLD AND SILVER COIN OR BULLION ISSUED BY THE UNITED STATES; PROVIDING THAT EXCHANGES OF SPECIE LEGAL TENDER ARE EXEMPT FROM INDIVIDUAL INCOME TAX; DEFINING "SPECIE LEGAL TENDER"; AMENDING SECTIONS 15-30-2101, 15-30-2120, AND 45-9-206, MCA; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Short title. [Sections 1 through 5] may be cited as the "Specie Legal Tender Act". NEW SECTION. Section 2. Definition. Subject to [section 3(3)], as used in [sections 1 through 5], "specie legal tender" means gold or silver coin that is issued by the United States. NEW SECTION. Section 3. Specie legal tender -- legal tender -- prohibition on compelling acceptance of legal tender -- court or congressional action to authorize gold or silver coin or bullion as legal tender. (1) Specie legal tender is legal tender in the state. (2) Except as expressly provided by contract, a person may not compel any other person to tender or accept specie legal tender. (3) Gold or silver coin or bullion, other than gold or silver coin that is issued by the United States, is considered to be specie legal tender and is legal tender if: (a) a court of competent jurisdiction issues a final, unappealable judgment or order determining that …
Sponsors
- Millett, Tom (R, 2) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) 2nd Reading
- : (H) Scheduled for 2nd Reading
- : (H) Committee Report
- : (H) Committee Executive Action
- : (H) Hearing
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
Votes
- Do Pass (February 27, 2025): 44 yea, 55 nay, failed
Subjects: Taxation, Revenue, State, Financial Institutions, Taxation--Individual Income
Common questions
- What is HB382?
- HB382 is a bill in the Montana Legislature (2025 Regular Session): Establish the specie legal tender act.
- What does HB382 do?
- In its own words: A bill for an act recognizing gold and silver coin or bullion issued by the united states; providing that exchanges of specie legal tender are exempt from individual income tax; defining "specie legal tender"; amending sections 15-30-2101, 15-30-2120, and 45-9-206, mca; and providing an applicability date.".
- What is the status of HB382?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB382?
- Millett, Tom (R, 2).
- Where is the official record for HB382?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2030
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.