AB29 creates a sales and use tax exemption for gold, silver, and other precious metals.
The Senate passed AB29 on March 12, 2024, by a vote of 23 to 9. We have assigned pluses to the ayes because this bill is a necessary step toward restoring sound money and adhering the U.S. Constitution’s monetary provisions. According to Article 1, Section 10, of the Constitution, “No State shall … make any Thing but gold and silver Coin a Tender in Payment of Debts.” States can and must act now to protect Americans’ financial freedom and privacy by both ending the Federal Reserve’s unconstitutional monopoly on money and thwarting government plans to impose a Central Bank Digital Currency.