# Indiana HB 1614: Bullion depositories.

Indiana HB 1614, Bullion depositories., is a First Regular Session 124th General Assembly (2025) House bill sponsored by Shane Lindauer (Republican); status failed, last action 2025-02-04 (Recommitted to Committee on Ways and Means pursuant to House Rule 126.3) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/IN-HB1614-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1614
- State: Indiana
- Session: First Regular Session 124th General Assembly (2025)
- Title: Bullion depositories.
- Status: failed
- Chamber: House
- Introduced: 2025-01-21
- Last action: 2025-02-04, Recommitted to Committee on Ways and Means pursuant to House Rule 126.3
- Sponsor: Shane Lindauer (Republican)
- Cosponsors: 3
- Subjects: financial institutions
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Defines "bullion" as refined silver or gold that has certain specified characteristics. Defines "specie" as bullion that is fabricated into products that are suitable for, or customarily used as, currency or a medium of exchange. Defines "specie legal tender" as: (1) specie coin issued by the United States government; or (2) any other specie that a federal court determines to be within state authority to make or designate as legal tender under the Constitution of the United States. Provides that bullion is not subject to assessment and taxation under Indiana's property tax statute. Provides that the exchange of one type or form of legal tender for another type or form of legal tender is exempt from the state gross retail tax. Provides that: (1) specie legal tender; and (2) electronic currency; are recognized as legal tender in Indiana. Provides that except as otherwise specifically provided by law or contract, a person may not compel any other person to tender or accept specie as legal tender. Provides that a prevailing party in an action for breach of any contract provision that expressly designates a type or form of specie as tender is entitled to specific performance of the contract provision.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Shane Lindauer (Republican), House
- Cosponsor: Cindy Ledbetter (Republican), House
- Cosponsor: Jake Teshka (Republican), House
- Cosponsor: Jim Lucas (Republican), House

## Actions (5)

- 2025-02-04: Recommitted to Committee on Ways and Means pursuant to House Rule 126.3 (House)
- 2025-02-04: Committee report: amend do pass, adopted (House)
- 2025-01-21: First reading: referred to Committee on Financial Institutions (House)
- 2025-01-21: Authored by Representative Lindauer (House)
- 2025-01-21: Coauthored by Representatives Teshka, Lucas, Ledbetter (House)

## Bill text

- House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1614/versions/HB1614.02.COMH?format=pdf)
- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2025/bills/HB1614/versions/HB1614.01.INTR?format=pdf)

## Related bills

- SB 324: Criminal procedures. (signed)
- SB 231: Various corrections matters. (signed)
- SB 80: Code publication. (signed)
- SB 453: Various tax matters. (signed)
- SB 464: Financial institutions and consumer credit. (signed)
- SB 371: Workforce matters. (signed)

## Sources
- [House Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/HB1614/versions/HB1614.02.COMH?format=pdf)
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2025/bills/HB1614/versions/HB1614.01.INTR?format=pdf)

## Related
- [SB 324: Criminal procedures.](https://policyrisk.com/state-bill/IN-SB324-2025)
- [SB 231: Various corrections matters.](https://policyrisk.com/state-bill/IN-SB231-2025)
- [SB 80: Code publication.](https://policyrisk.com/state-bill/IN-SB80-2025)
- [SB 453: Various tax matters.](https://policyrisk.com/state-bill/IN-SB453-2025)
- [SB 464: Financial institutions and consumer credit.](https://policyrisk.com/state-bill/IN-SB464-2025)
- [SB 371: Workforce matters.](https://policyrisk.com/state-bill/IN-SB371-2025)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
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Source: PRIA, https://policyrisk.com/state-bill/IN-HB1614-2025 (as of 2026-10-17).