SB 23.09 Coin Composition Revision Act (Final vote on House passed version)
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  SB 23.09 Coin Composition Revision Act (Final vote on House passed version)		 « previous next »
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Author Topic: SB 23.09 Coin Composition Revision Act (Final vote on House passed version)  (Read 282 times)
Dr. MB
MB
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« on: September 11, 2020, 01:16:47 AM »
« edited: September 11, 2020, 05:45:30 PM by MB »
Quote
Quote
AN ACT

To ensure coins are not costing more to produce than face value of such coins, and to account for the discontinued minting of pennies in physical transactions.
Quote
Section 1. Title

This legislation may be cited as the "Coin Composition Revision Act".

Section 2. Coin composition revision

(a) In general. —

The Atlasian Mint shall work to revise the composition of the nickel ($0.05 coin) and change its manufacturing process and composition in such a way that the manufacturing cost of the coin falls below such coins nominal value.

(b) Date. —

Subsection(a) shall be completed before July 31 of 2021.

Section 3. Effective date

This Act shall take effect immediately on the date of the enactment of this Act.
People's Regional Senate
Passed 4-0-2 in the Atlasian Senate Assembled,

House of Representatives:
Passed the House of Representatives 5-1-0-3




amendment:

Quote from: cinyc on June 23, 2020, 01:51:28 PM
Proposed Amendment:

AN ACT

To ensure coins are not costing more to produce than face value of such coins, and to account for the discontinued minting of pennies in physical transactions.
Quote
Section 1. Title

This legislation may be cited as the "Coin Composition Revision Act".

Section 2. Coin composition revision

(a) In general. —

The Atlasian Mint shall work to revise the composition of the nickel ($0.05 coin) and change its manufacturing process and composition in such a way that the manufacturing cost of the coin falls below such coins nominal value.

(b) Date. —

Subsection(a) shall be completed before July 31 of 2021.

Section 3. Physical transactions

All physical transitions using cash between a consumer and a business entity shall be rounded to the nearest multiple of $0.05 after the application of any applicable taxes.

Section 3. Effective date

This Act shall take effect immediately on the date of the enactment of this Act.

72 hours to vote.
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Mike Thick
tedbessell
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« Reply #1 on: September 11, 2020, 05:43:00 PM »
Aye.
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Esteemed Jimmy
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« Reply #2 on: September 11, 2020, 05:53:34 PM »
Aye
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Southern Senator North Carolina Yankee
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« Reply #3 on: September 12, 2020, 11:36:06 PM »
AYE
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Devout Centrist
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« Reply #4 on: September 12, 2020, 11:53:08 PM »
Aye
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At-Large Senator LouisvilleThunder
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« Reply #5 on: September 12, 2020, 11:57:22 PM »
Aye
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Former President tack50
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« Reply #6 on: September 13, 2020, 04:50:53 AM »
aye
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Dr. MB
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« Reply #7 on: September 13, 2020, 04:38:47 PM »
« Edited: September 13, 2020, 04:41:51 PM by MB »
As all Senators have voted this bill passes, 6-0.

Quote
Quote
Quote
AN ACT

To ensure coins are not costing more to produce than face value of such coins, and to account for the discontinued minting of pennies in physical transactions.
Quote
Section 1. Title

This legislation may be cited as the "Coin Composition Revision Act".

Section 2. Coin composition revision

(a) In general. —

The Atlasian Mint shall work to revise the composition of the nickel ($0.05 coin) and change its manufacturing process and composition in such a way that the manufacturing cost of the coin falls below such coins nominal value.

(b) Date. —

Subsection(a) shall be completed before July 31 of 2021.

Section 3. Effective date

This Act shall take effect immediately on the date of the enactment of this Act.
People's Regional Senate
Passed 4-0-2 in the Atlasian Senate Assembled,

House of Representatives:
Passed the House of Representatives 5-1-0-3



Passed the Senate (amended version) 6-0
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