Oklahoma lawmakers are advancing two bills, HB1199 and HB1197, introduced by Rep. Cody Maynard and...
Iowa study bill aimed at establishing a bullion depository
House File 2229, introduced in the Iowa General Assembly, proposes recognizing federally issued gold and silver coins as legal tender within the state. The bill mandates that state banks and credit unions accept deposits in these forms, requiring them to maintain separate accounts for such currencies. Additionally, it exempts transactions involving the exchange of gold or silver coins for other legal tender from state taxes. The bill also directs the Division of Banking to study the feasibility of establishing a state depository for gold and silver coins, with findings to be reported to the General Assembly by January 1, 2025.
Update: HF 2229 died in committee
