GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 836
Short Title: North Carolina Sound Money Act. (Public)
Sponsors: Representatives Brody and Warren (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Commerce and Economic Development, if favorable, Finance, if favorable, Rules,
Calendar, and Operations of the House
April 10, 2025
*H836 -v-1*
A BILL TO BE ENTITLED 1
AN ACT TO ENACT THE NORTH CAROLINA SOUND MONEY ACT. 2
The General Assembly of North Carolina enacts: 3
SECTION 1. G.S. 105-153.5 reads as rewritten: 4
"§ 105-153.5. Modifications to adjusted gross income. 5
… 6
(b) Other Deductions. – In calculating North Carolina taxable income, a taxpayer may 7
deduct from the taxpayer's adjusted gross income any of the following items that are included in 8
the taxpayer's adjusted gross income: 9
… 10
(17) Gain or loss, to the extent the loss is not deducted in arriving at adjusted gross 11
income, from the disposition of investment coins and investment metal 12
bullion. For purposes of this subdivision, the following definitions apply: 13
a. Investment coins. – Numismatic coins or other forms of money and 14
legal tender manufactured of metal under the laws of the United States 15
or any foreign nation with a fair market value greater than any 16
statutory or nominal value of such coins. 17
b. Investment metal bullion. – Any elementary precious metal that has 18
been put through a process of smelting or refining and that is in such 19
state or condition that its value depends upon its content and not upon 20
its form. The term does not include fabricated precious metal that has 21
been processed or manufactured for one or more specific and 22
customary industrial, professional, or artistic uses. 23
…." 24
SECTION 2. Article 13 of Chapter 66 of the General Statutes is amended by adding 25
a new section to read: 26
"§ 66-67.6. Commerce of investment coins and investment metal bullion. 27
(a) Legal Tender. – Investment coins and investment metal bullion (i) as defined in 28
G.S. 105-153.5(b)(17), (ii) made of refined gold or silver, and (iii) stamped, marked, or imprinted 29
with its weight and purity shall be recognized as legal tender in the State. 30
(b) Commerce. – No person is required to offer or accept any recognized legal tender as 31
described in subsection (a) of this section for payment of debts, deposit, or any other purpose. In 32
addition, no person incurs liability for refusing to offer or accept such legal tender, except as 33
specifically provided for by contract or otherwise required by law." 34 General Assembly Of North Carolina Session 2025
Page 2 House Bill 836-First Edition
SECTION 3. Section 1 of this act is effective for taxable years beginning on or after 1
January 1, 2025. Section 2 of this act becomes effective October 1, 2025. The remainder of this 2
act is effective when it becomes law. 3