Louisiana 2022 2022 Regular Session

Louisiana House Bill HB985 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 985 Original	2022 Regular Session	Wright
Abstract: Changes the definition of "currency" to include "virtual currency".
Present law defines currency as the coin and paper money of the United States or another country
that is designated as legal tender and circulates and is customarily used and accepted as a medium
of exchange in the country of issuance.
Proposed law retains present law and adds "virtual currency" to the definition, thus making virtually
currency a form of legal tender in the state.
(Amends R.S. 6:1032(6) and 1382(20)(a))