Pay taxes in silver? Idaho is thinking about it
By
Story Created:
Mar 18, 2010 at 2:15 PM MST
Story Updated:
Mar 18, 2010 at 2:15 PM MST
03/18/10
BOISE, Idaho (AP) _ The Idaho state treasurer would have to
accept a state-made silver medallion or bar for the payment of fees
and taxes, if a bill that's cleared the House becomes law.
It now heads to the Senate.
Conservative northern Idaho lawmakers including Rep. Phil Hart,
the Republican sponsor, hope to accomplish twofold: revive their
region's mining economy's glory days as well as get a foot in the
door toward replacing standard American currency with precious
metals, or so-called ``constitutional money.''
That appeals to those leery of the U.S. Federal Reserve.
With Thursday's 51-14 vote, Hart's bill has made it further than
one he backed a year ago that stalled in the House Revenue and
Taxation Committee.
Idaho isn't alone: Georgia lawmakers considered allowing
citizens to pay taxes with gold and silver last year.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
APNP-03-18-10 1427MDT<
Most Viewed