HB 1674 New Hampshire House · 2024 Regular Session

relative to establishing the New Hampshire legal tender act and establishing a state bullion depository.

This bill proposes creating a New Hampshire Legal Tender Act that would allow gold and silver bullion, along with digital representations of these metals, to be used as legal tender for private debts and state taxes. It establishes a state-run bullion depository to securely store these metals and permits individuals and businesses to hold accounts for storing, transferring, and exchanging bullion without incurring tax liabilities on exchanges or sales. The legislation also allows taxpayers to report income in a functional currency of their choice, such as gold or silver, and requires the state to maintain detailed records of all depository transactions for at least seven years. However, the bill was ultimately not recommended for future legislation during a 2024 interim study, indicating it did not advance to become law.
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
Governor
Introduced Dec 15, 2023 Last action Oct 31, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
12
Key actions
6
Committee
6
Sep 26, 2024
Lower · Passed
Subcommittee Work Session: 10/01/2024 02:30 pm LOB 302-304
lower
Aug 14, 2024
Lower · Passed
Full Committee Work Session: 09/11/2024 10:00 am LOB 302-304
lower
Feb 12, 2024
Lower · Passed
Minority Committee Report: Ought to Pass with Amendment # 2024-0373h
lower
Feb 12, 2024
Lower · Passed
Majority Committee Report: Refer for Interim Study 02/07/2024 (Vote 14-5; RC)
lower
Jan 25, 2024
Lower · Passed
Subcommittee Work Session: 01/31/2024 01:15 pm LOB 302-304
lower
Jan 17, 2024
Lower · Passed
Subcommittee Work Session: 01/24/2024 10:00 am LOB 302-304
lower
Dec 15, 2023
Introduced
Introduced 01/03/2024 and referred to Commerce and Consumer Affairs HJ 1 P. 29
lower
1 primary · 5 co-sponsors

Sponsors