Kansas gold and silver money law

Kansas Statutes Annotated 79-3606(mmmm), as codified by the Kansas Office of the Revisor of Statutes, exempts "all sales of gold or silver coins; and palladium, platinum, gold or silver bullion." The same subsection defines "bullion" as bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of them, for which the value of the metal depends on its content and not its form. Read closely, the coin half of the exemption reaches only gold or silver coins, while the bullion half reaches bars, ingots, and medallions in all four metals, including platinum and palladium. A platinum or palladium coin, as distinct from a bar, ingot, or medallion, is therefore not covered by either clause: it is not a gold or silver coin, and a coin is not a bar, ingot, or medallion. Because an ordinary retail purchase of a platinum or palladium bullion coin, a common product in the coin trade, falls outside this exemption entirely, this record classes Kansas as a partial exemption rather than a full one. No purity percentage and no dollar minimum or maximum appears anywhere in the subsection; the limiting condition here is the metal and form combination itself, not a numeric threshold, so neither the purityThreshold nor the transactionMinimum or transactionMaximum field is populated.

Gold and silver are not recognized as legal tender in Kansas as of the verification date above.

Kansas has no enacted state-level capital gains exemption for precious metals. House Bill 2515 of the 2025-2026 biennium would have added an income tax subtraction modification for sales of specie alongside a legal tender declaration, and it passed the House 118 to 5 and the Senate 40 to 0, but Governor Laura Kelly vetoed it, and the official Kansas Legislature record shows no motion to reconsider was made, so the veto was sustained on April 10, 2026. A predecessor bill with the identical title, Senate Bill 303 of the 2023-2024 biennium, never reached a floor vote in either chamber and died on the Senate calendar on April 30, 2024. As of this page's verification date, no capital gains subtraction for precious metals exists in Kansas law.

Kansas has never enacted a legal tender declaration for gold or silver, despite three legislative sessions of trying. Senate Bill 303 of the 2023-2024 biennium, the first modern attempt, cleared a Senate committee but died on the calendar in April 2024 without a floor vote in either chamber. House Bill 2515, carrying an identical title in the 2025-2026 biennium, went much further: the House passed it 118 to 5 and the Senate 40 to 0, and after conference committee negotiation both chambers adopted the reconciled version. Governor Laura Kelly vetoed it after it reached her desk in April 2026, and with no motion to reconsider recorded, the veto stood. As of this page's verification date, gold and silver specie carry no legal tender status in Kansas, and no capital gains subtraction for specie sales exists either, since House Bill 2515 would have created both in the same bill.

What Kansas does have is an older and narrower sales tax exemption. House Bill 2140, signed by Governor Kelly in May 2019, added a coin and bullion exemption to K.S.A. 79-3606 alongside a set of unrelated county sales tax authorizations. The resulting subsection, (mmmm), exempts sales of gold or silver coins and of palladium, platinum, gold, or silver bullion in bar, ingot, or medallion form, valued by metal content rather than form.

The exemption's text draws a line between coin and bullion that is easy to miss. Only gold or silver coins are covered by the coin clause; platinum and palladium reach the exemption solely through the bullion clause, which covers bars, ingots, and medallions but not coins. A platinum or palladium bullion coin, a real and commonly traded product, therefore sits in neither category and remains taxable. That category gap, not any purity percentage or dollar threshold, is why this record treats Kansas as a partial rather than a full exemption.