Brewer vetoes bill making gold legal tender - KTRE.com | Lufkin and Nacogdoches, Texas

Brewer vetoes bill making gold legal tender

CBS 5 CBS 5
PHOENIX (AP) -

Gov. Jan Brewer has vetoed a measure that sought to make precious metals legal currency.

Brewer vetoed the bill Thursday and sent a letter to Senate President Andy Biggs saying it could result in lost revenue for the state.

The bill sought to make Arizona the second state in the nation to recognize gold and silver as legal tender.

The state Department of Revenue opposed the measure. It passed in the GOP-led House only after an amendment was added to exempt the department from having to accept precious metals as tax payments.

Brewer said it was unclear whether the state would have to exempt income tax related to a transaction involving precious metals under Senate Bill 1439.

Utah became the first state to allow gold or silver payments in 2011.

Copyright 2013 Associated Press. All rights reserved.

  • East Texas NewsMore>>

  • Angelina County leaders preparing for the 'Big One'

    Angelina County leaders preparing for the 'Big One'

    Monday, March 27 2017 7:33 PM EDT2017-03-27 23:33:05 GMT

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>
  • NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    Monday, March 27 2017 9:33 PM EDT2017-03-28 01:33:54 GMT
    Source: NISDSource: NISD

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>
  • Sabine County residents begin storm recovery efforts

    Sabine County residents begin storm recovery efforts

    Monday, March 27 2017 7:11 PM EDT2017-03-27 23:11:55 GMT

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>
Powered by Frankly