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Arkansas affirms gold and silver as legal tender and eliminates taxes on them
From Money Metals News Service, Eagle, Idaho
Tuesday, April 18, 2023
LITTLE ROCK, Arkansas -- 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 ending all taxes on the purchase, sale, or exchange of specie, including state capital gains taxes.
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The Arkansas Legal Tender Act, introduced by Rep. Robin Lundstrum (R-18) and Sen. Jonathan Dismang (R-18), passed overwhelmingly in the House by a vote of 82-8, unanimously out of the Senate with a 32-0 vote, and ultimately received Governor Sarah Huckabee Sanders' signature on April 11. ...
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