The Spokesman: Idaho Silver Medallion Bill Killed
Betsy Russell writing for The Spokesman-Review reports that a bill that would have made it legal for Idaho residents to pay state taxes in silver is reversed in State Senate committee hearings:
State Rep. Phil Hart’s proposal to create an official Idaho silver medallion that could be used to pay state taxes was killed Wednesday on a 7-2 vote in a Senate committee. The bill, HB 633, also would have granted big tax breaks to certain mining industry ventures.
Hart, R-Athol, called it a “safety net, if you will, for Idahoans who might want to put their savings or their money into a precious metal and protect that from inflation.” The official state silver medallions would have varied in value with the price of silver, and would have been overseen by the state treasurer.