Mississippi Transactional Gold and Silver Act; create.

The Mississippi Transactional Gold and Silver Act, which died in committee in 2026, proposed to recognize gold and silver as legal tender for private transactions and state/local tax payments, if both parties agree. It would create a secure depository for physical gold and silver and authorize an electronic payment system backed by physical precious metals. The bill would have exempted all transactions involving gold and silver from state sales, use, and income taxes. Implementation would have required the Department of Finance and Administration to establish these systems within one year of the law taking effect.