SB39 makes gold and silver coins or bullion (“specie”) legal tender in Kansas. Specie would be exempted from being taxed as personal property, and gains from selling specie could be subtracted on Kansas income tax returns, starting in tax year 2025. Contracts could specify specie as the form of legal tender, and courts would be required to enforce those contracts.

The Kansas State Senate passed SB39 on March 20, 2025 by a vote of 28 to 12. We have assigned pluses to the ayes because this bill is an important step toward restoring sound, constitutional money by reestablishing gold and silver as legal tender and enforcing contract rights, in full accordance with Article I, Section 10 of the U.S. Constitution.