House Bill 627, introduced in the Idaho Legislature in February 2024, proposes the "Idaho Constitutional Money Act of 2024," aiming to designate gold and silver coins as legal tender within the state. The bill asserts that such a designation aligns with the state's authority under the U.S. Constitution and emphasizes that while gold and silver coins can be used for debt payments, acceptance is not mandatory unless mutually agreed upon by the parties involved. Additionally, the legislation seeks to exempt transactions involving gold and silver coins from taxation, ensuring these forms of specie are not treated as personal property for tax purposes.
Update: House Bill 627 died in committee. Read our new post about the 2025 bill for constitutional currency.