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SB 39KANSASSession 2025-2026State Billdead
Did Not Advance

Kansas Legal Tender Act establishes gold and silver coin exchange and creates income tax subtraction for specie sales

Original title: AN ACT concerning legal tender; establishing the Kansas legal tender act; reaffirming gold and silver coin as legal tender; providing an income taxation subtraction modification for gains from the sale of specie; amending K.S.A. 2025 Supp. 79-32,117 and repealing the existing section.

Last action · April 10, 2026: Died on House Calendar

Companion · HB 2515same policy, House version
Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

Senate Bill 39 establishes the Kansas Legal Tender Act, reaffirming gold and silver coin as legal tender and creating an income tax for gains from the sale of beginning in tax year 2025. The legislation prohibits characterizing specie as personal property for taxation or regulatory purposes, exempts specie exchanges from tax liability, and specifies that no person can be compelled to accept specie unless required by contract.

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Kansas taxpayers

Taxpayers who buy, sell, or hold gold and silver specie gain tax exemptions on exchanges and a subtraction modification for net gains starting in tax year 2025.

Directly affected

Financial institutions and businesses

Entities are included under the definition of persons permitted to transact in legal tender specie under state oversight.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Can someone force me to accept gold or silver coins as payment under this act?
No. Unless expressly provided by statute or contract, no person has the right to compel anyone else to tender or accept .
How does this act affect state income taxes on gold and silver sales?
For taxable years starting after December 31, 2025, net gains from the sale of are eligible for a from the taxpayer's federal adjusted gross income for Kansas tax purposes.

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News Coverage

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Where This Stands

This bill did not become law - Died in committee.

Procedural history

17 actions
  1. Apr 10, 2026House
    Died on House Calendar
  2. Mar 5, 2026HouseFloor
    Committee Report recommending bill be passed as amended by
  3. Feb 16, 2026House
    Hearing: Monday, February 16, 2026, 9:00 AM — Room 582-N
  4. Jan 15, 2026House
    Withdrawn from House Committee on Financial Institutions and Pensions; Referred to House Committee on Financial Institutions and Pensions
  5. Mar 24, 2025HouseIntroduced
    Received and Introduced
  6. Mar 24, 2025HouseCommittee
    Referred to House Committee on Taxation
Show 11 earlier actions
  1. Mar 20, 2025Senate
    Committee of the Whole - Now working on
  2. Mar 20, 2025Senate
    Committee of the Whole - Motion to Amend - Offered by
  3. Mar 20, 2025SenateFloor
    Committee of the Whole - Amendment by was adopted
  4. Mar 20, 2025SenateFloor
    Committee of the Whole - Be passed as amended
  5. Mar 20, 2025Senate
    fa_fabc_912
  6. Mar 20, 2025SenateFloor
    Emergency Final Action - Passed as amended
  7. Mar 18, 2025Senate
    Hearing: Tuesday, March 18, 2025, 9:30 AM — Room 548-S
  8. Mar 18, 2025SenateFloor
    Committee Report recommending bill be passed by
  9. Mar 12, 2025Senate
    Withdrawn from Senate Committee on Assessment and Taxation; Referred to Senate Committee on Assessment and Taxation
  10. Jan 21, 2025SenateCommittee
    Referred to Senate Committee on Financial Institutions and Insurance
  11. Jan 17, 2025SenateIntroduced
    Introduced

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Establishment of State-Recognized Specie Currency

The bill formally defines gold and silver coin and bullion as state legal tender and introduces extensive income tax exemptions for transactions involving precious metals.

KansasSenate Committee on Federal and State Affairs

Connected Entities

Kansas, Washburn University, United States and 2 more
locationKansas“Jurisdiction enacting the legal tender act”Map →
OrganizationWashburn University“University with retirement plan referenced in existing statute”Map →
locationUnited States“Issuer of specie coin”Map →
OrganizationSenate Committee on Federal and State Affairs“Sponsoring committee for SB 39”Map →
locationOverland Park“Location of police and fire department retirement plans referenced in existing s”Map →

Sources

Open source document

www.kslegislature.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 65)
  • Controversy55
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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