---
title: Indiana Senate Bill 99
description: Indiana Passes HB1614
---

[Transactional Gold State News ](https://transactionalgold.com/transactional-gold)

# [Indiana Senate Bill 99](https://transactionalgold.com/transactional-gold/indiana-senate-bill-99)

 Written by [Transactional Gold Team](https://transactionalgold.com/transactional-gold/author/transactional-gold-team) | Feb 6, 2013 5:45:00 PM

In January 2013, Indiana legislators introduced **Senate Bill 99**, titled *"Use and Taxation of Gold and Silver Coins"*. Sponsored by Senators **Jim Banks** and **Greg Walker**, the bill proposed to recognize **U.S.-minted gold and silver coins** as **legal tender** within the state. Under the proposal, these coins would have been accepted for **debt payments, taxes, and other obligations** on the same basis as Federal Reserve notes. Additionally, the bill sought to **exempt gold and silver coins from state taxation**, aiming to remove financial barriers and provide Indiana residents with an inflation-resistant alternative to fiat currency. If passed, SB 99 would have aligned Indiana with a growing number of states working to restore **constitutional money** as an option for everyday transactions.

### **Update: Bill Did Not Pass**

Despite its initial introduction and growing national interest in sound money legislation, **Senate Bill 99 did not advance** beyond the **Committee on Tax and Fiscal Policy**. Lawmakers expressed concerns over the **administrative challenges** of integrating gold and silver into the transactional system, potential **revenue losses from tax exemptions**, and the lack of infrastructure to handle such payments at a state level. Without sufficient support, the bill stalled in committee and ultimately **died without a floor vote**.

[View full post](https://transactionalgold.com/transactional-gold/indiana-senate-bill-99)

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