A BILL for an Act to create and enact a new chapter to title 51 of the North Dakota Century Code, relating to specie legal tender, the taxation of specie legal tender, and United States central bank digital currencies; to amend and reenact section 41-01-09 of the North Dakota Century Code, relating to the definition of United States central bank digital currency.
Summary
Relating to specie legal tender, the taxation of specie legal tender, and United States central bank digital currencies; to amend and reenact section 41‑01‑09 of the North Dakota Century Code, relating to the definition of United States central bank digital currency.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Feb 2025
Senate Failed
Mar 2025
Governor
Introduced Jan 15, 2025
Last action Mar 10, 2025
Maddy AI version diff · 1 comparison
What changed between versions
INTRODUCED
→
FIRST ENGROSSMENT
·
5 edits
MODERATE
The bill was significantly amended to remove provisions creating a new chapter on specie legal tender and central bank digital currency, replacing them with a standard amendment to existing definitions in the North Dakota Century Code. The original text included definitions for 'specie legal tender' and tax exemptions for precious metal transactions, which were deleted. The new version focuses solely on updating general legal definitions in section 41-01-09, removing references to central bank digital currency and adding standard commercial definitions like 'consumer', 'contract', 'creditor', and 'document of title'.
Scope change
The bill's scope was narrowed from creating new substantive law about precious metals and digital currencies to merely updating existing statutory definitions for general commercial transactions.
SCOPE
Deleted the creation of a new chapter establishing specie legal tender status and tax exemptions for precious metal transactions.
DEFINITION
Removed definitions for 'central bank digital currency' and 'specie legal tender' that were intended to be added to the code.
Changed the bill title and purpose to remove references to central bank digital currency taxation and focus only on amending existing definitions.
Added standard commercial law definitions including 'consumer', 'contract', 'creditor', 'document of title', and related terms to the existing code section.
Removed the definition of 'money' that excluded central bank digital currency from the previous version.
Floor votes · Senate Mar 10, 2025 · House Feb 7, 2025
How they voted
18–27
Failed · 2 other
Total votes 47
Mar 10, 2025
D
Democratic5
100% Nay
R
Republican42
52% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
6
Committee
4
Mar 10, 2025
Vote failed
Senate Vote: fail (18-27-2)
senate
Mar 7, 2025
Upper · Passed
Reported back, do not pass, placed on calendar 4 2 0
upper
Mar 5, 2025
Upper · Passed
Committee Hearing 09:00
upper
Feb 13, 2025
Introduced
Introduced, first reading, referred Finance and Taxation Committee
upper
Feb 7, 2025
Lower · Passed
Second reading, passed, yeas 61 nays 30
lower
Feb 6, 2025
Lower · Passed
Amendment adopted, placed on calendar
lower
Feb 5, 2025
Lower · Passed
Reported back amended, do not pass, placed on calendar 7 5 2
lower
Jan 22, 2025
Lower · Passed
Committee Hearing 02:30
lower
Jan 15, 2025
Introduced
Introduced, first reading, referred Industry, Business and Labor Committee
lower
1 primary · 7 co-sponsors
Sponsors
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