Senate Hearing Passes Gold & Silver Bills

Arizona Legislature in session

Please help pass Arizona’s SB 1141 legal tender; taxation; regulation and SB 1423 gold and silver coins; taxation bills; Sen. David Farnsworth (R), a constitutionalist, is the sponsor. Both of these bills passed the Senate Financial Institutions Committee; we thank these forward thinking legislators who voted for Progress.

Now it must pass in the full Senate.

These bills remove the state capital gains tax (as 30 other states have done) and define constitutional legal tender to establish gold and silver coin for use in the marketplace as currency. If someone chooses to sell one’s precious metals holdings, one will choose a non-tax state and not Arizona. We lose the business; let’s keep it here.

Although the U.S. Constitution already legalizes gold and silver coin as tender, this brings Arizona into compliance with U.S. Code for coinage used in commerce, and makes Arizona competitive with other states.

You can help by a quick phone call and/or email. Comments to Gov. Doug Ducey’s office encouraging him to sign the bill can be made at http://azgovernor.gov/governor/form/contact-governor-ducey.

We know these bills are necessary to help Arizona prosper! We need as much testimony to legislators and the governor’s office as we can obtain.

Call or email the bill sponsors as well! The complete list of legislators can be found at Senate and House.

Please forward this to those of concern and contact me if you have any questions; we surely can benefit from your support and promotion.

For more information see →www.ArizonaSoundMoneyAct.Wordpress.com←

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