Introduced

Passed Senate

Passed House

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · January 15, 2026

To Committee On Committees (S)

Introduced January 15, 2026

Senate

Adjourned Sine Die

2026 Regular Session

SB99

AN ACT relating to transactional precious metals.

Short title: Kentucky Transactional Gold and Silver Act

Create a new section of KRS Chapter 41 to define terms; recognize gold specie and silver specie as legal tender in Kentucky; provide for use of gold specie and silver specie as legal tender; require the State Treasurer to promulgate administrative regulations in accordance with KRS Chapter 13A to designate or establish a bullion depository and authorize 1 or more electronic payment systems to facilitate electronic payment transactions; establish requirements for system participants, transaction information,…

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This bill would make gold and silver coins recognized as legal tender in Kentucky, meaning they could be used to pay for goods and services alongside regular currency. It would require the State Treasurer to set up a bullion depository and electronic payment system so Kentuckians could use gold and silver in everyday transactions. It would also exempt any gains or losses from selling gold or silver from Kentucky state income taxes. Who it may affect: individual taxpayers, businesses, and anyone who buys, sells, or holds gold or silver coins in Kentucky.

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