On Mar. 20, IDA LEG passed bill on gold and silver as legal tender.
IDA LEG passed HB 177 relating to the status of gold and silver as legal tender in IDA.
Adds new chapter 98 to Idaho Code IDA LEG 67, the Constitutional money act of 2025.
Bill Provisions
Gold and silver coins and specie (refined bullion) will be recognized as legal tender in Idaho, meaning they can be used to pay debts, and by government legal business.
No person, entity forced to accept gold or silver as payment unless both parties agree.
Supported by US Constitution, 10th Amendment, States right to designate legal tender
Defines key terms such as debt, specie, entity, and legal tender to clarify application.
Legislative History
On Feb. 7, 2025, bill was introduced in House; on Feb. 25, 2025, bill passed House.
On Feb. 26, 2025, bill was introduced in Senate; on Mar. 13, 2025, bill passed Senate.
On Mar. 20, 2025, bill was signed by governor on Mar. 19, 2025; session Law Ch. 107.
Effectiveness
The act is declared an emergency measure, going into effect July 1, 2025.
Regulators
IDA LEG
Entity Types
Bank; CNSM; Corp
Reference
Ch. 107, Bill HB 177, 3/20/2025; Citation: IDA LEG 67;
