Tennessee · 114th Regular Session (2025-2026) · Bill

SB 985: Public Funds and Financing - As introduced, enacts the Tennessee bullion depository act; makes gold and silver coinage legal tender; authorizes payment of taxes with gold and silver coinage; makes other changes concerning precious metals. - Amends TCA Title 9; Title 45, Chapter 2 and Title 67.

In committee Last action February 12, 2025: Passed on Second Consideration, refer to Senate Commerce and Labor Committee

Plain-language summary

SB 985 is a bill introduced in the Tennessee Senate on February 5, 2025. According to its official title, it concerns: Public Funds and Financing - As introduced, enacts the Tennessee bullion depository act; makes gold and silver coinage legal tender; authorizes payment of taxes with gold and silver coinage; makes other changes concerning precious metals. - Amends TCA Title 9; Title 45, Chapter 2 and Title 67. Primary sponsor: Steve Southerland (Republican). Most recent recorded action (February 12, 2025): Passed on Second Consideration, refer to Senate Commerce and Labor Committee.

Sponsors

Primary sponsor: Steve Southerland (Republican).