Tennessee HB2038 establishes precious metal coins as legal tender in Tennessee.
Tennessee HB2038 amends Tennessee Code Annotated, Title 9, Chapter 1, to define precious metal coins and precious metal bullion. The bill specifies that precious metal coins are legal tender in Tennessee, meaning they can be used to pay debts and taxes. Precious metal coins are defined as products of uniform shape, size, design, content, weight, and purity, suitable for use as currency or for purchase, sale, storage, transfer, or delivery of precious metal. Precious metal bullion is defined as refined precious metal stamped or imprinted with its weight and purity.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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