2025 Regular SessionOregon Legislature

SB1158: Relating to specie legal tender; prescribing an effective date.

Legislative Summary

The Act says that gold and silver are legal tender and exempts gold and silver trade from certain taxes. (Flesch Readability Score: 71.7). Provides that gold and silver are legal tender. Exempts the purchase, sale and exchange of gold and silver from certain taxation. Takes effect on the 91st day following adjournment sine die.

Demographic Impact

Overall analysis of equity impact

60% Bias
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/27/2025
Introduction and first reading. Referred to President's desk.
Senate
3/3/2025
Referred to Finance and Revenue.
Senate
5/19/2025
Public Hearing held.
Senate

Status Information

Current Status
Introduced(2/27/2025)
Chamber
Senate
Committee
Finance and Revenue(Senate)

Sponsors

Republican: 2

Primary Sponsor

Kim Thatcher
Kim Thatcher
Republican

Co-Sponsors (1)

Documents

Introduced
Bill Text1/1/197028.9 KB
Analysis
Analysis1/1/1970316.9 KB
Analysis
Analysis5/19/2025130.1 KB
Analysis
Analysis5/19/2025293.0 KB