Oklahoma SB2058 recognizes gold and silver as legal tender, establishes a bullion depository, and exempts gold and silver transactions from taxable.
Oklahoma SB2058 recognizes gold and silver as legal tender for debts, taxes, fees, and other obligations. It authorizes the State Treasurer to establish one or more bullion depositories for gold and silver bullion, ensuring compliance with best practice guidelines. The bill exempts the sale or exchange of gold and silver from taxable income, while prohibiting the state or any public entity from using gold and silver as a mechanism for surveillance, social credit scoring, behavioral conditioning, or economic control.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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