Gold and silver; authorizing employees to request payment in gold and silver; directing creation of Oklahoma Bullion Depository; exempting sale of gold and silver from income tax. Effective date.

Oklahoma Senate Bill 581 allows state employees, private businesses, and residents to negotiate and receive payments in gold or silver bullion instead of cash, with compensation valued at current market rates. It requires the creation of an Oklahoma Bullion Depository managed by the State Treasurer, where such payments must be deposited, and establishes transaction fees (up to 4% for non-residents, 2% for residents) for services. The bill exempts sales of gold and silver from state income tax and amends state investment rules to permit gold/silver holdings. These provisions aim to expand financial flexibility for individuals and businesses while creating a state-run system for bullion transactions.