Montana HB382 establishes gold and silver coin or bullion as legal tender in the state.
Montana HB382, the Specie Legal Tender Act, recognizes gold and silver coin or bullion as legal tender in Montana. It prohibits compelling others to accept this specie legal tender except by contract. The act also exempts exchanges of specie legal tender from individual income tax. It defines "specie legal tender" as gold or silver coin issued by the United States. The act applies to tax years beginning after December 31, 2025.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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