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communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Policy Recommendations and Opportunities

http://www.communitycurrencieslaw.org/policy-recommendations

Amend Barter Exchange Reporting Requirements. Remove Outdated State Laws That Prohibit Creation of Complementary Currencies. Create Reasonable Exemptions to Money Transmission Regulations. Create a Single Federal Agency to Regulate Money Transmission, and Eliminate State Money Transmission Licencing Requirements. Repeal 18 U.S.C. 336 to Enable Issuance of Currencies With a Value of Less Than $1. Amend the U.S. Constitution to Allow States and Cities to Issue Currencies. Current Rulemaking and Legislation.

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Legal Overview & General Resources

http://www.communitycurrencieslaw.org/general-information

Introduction to Barter and Complementary Currencies. The Scarcity of Dollars. The Spectrum of Ways to Exchange. Money Soup: Legal Grey Areas in the Spectrum. General Introduction to Complementary Currencies. Videos and Documentaries on the Money System. How-To Websites and Software. Organizations for the New Economy and Local Currencies. Examining Money and Money Systems. Introduction to Barter and Complementary Currencies. The Scarcity of Dollars. Than they have spent. People end up competing with o...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Entity and Governance Structures

http://www.communitycurrencieslaw.org/governance-structures

Thinking About Structure and Governance of Currencies, Barter Networks, and Time Bank. Who are the Stakeholders that a Currency are Designed to Benefit? Factors for Building a Successful Currency. Recent Trends For Currency Organizations. Some Questions a Currency Organization Should Answer. Other Food for Thought. Resources on Currency Organization Governance. Thinking About Structure and Governance of Currencies, Barter Networks, and Time Bank. A page from SELC’s CommunityEnterpriseLaw. Beyond the cons...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Employment Laws

http://www.communitycurrencieslaw.org/employment-laws

Paying Employees with Something Other Than Dollars. Some employers, as an alternative to furloughs and lay-offs, have recently begun to think creatively about how they compensate employees. To supplement wages and salaries paid in dollars, some employers have considered paying employees with gift certificates, store credits, food, goods, services, or a local currency. There are a few things to acknowledge with regard to the payment of employees in forms other than dollars. State and federal wage orders a...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | All eResources

http://www.communitycurrencieslaw.org/all-eresources

Five Legal Resource Libraries, So Little Time. Did you know that SELC has five. Online legal resource libraries? Each eResource library is stocked with legal guidelines, FAQs, and templates to help navigate complex regulatory landscapes for urban farming, cooperatives, small and community-owned enterprise, community currencies, and food and farming enterprises. About Community Currencies Law Library. Laws Related to the Issuance and Form of Currencies. Money Transmission and Financial Regulations.

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Constitutional Limitations on Complementary Currencies

http://www.communitycurrencieslaw.org/constitutional-law

These memos below were drafted by Janelle Smith, a former Research Attorney at the Sustainable Economies Law Center. The US. Constitution and Cities that Wish to Issue Currencies. More Detailed Memo on Whether a City Can Issue a Local Currency. Local Currency and the United States Constitution. Historical Overview: The Creation of a National Currency. The Prohibitions of Art. I 10 on Local Currency. Prohibition on Emitting Bills of Credit. Cases that cite: Briscoe v. Bank of Commonwealth of Kentucky.

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Tax Exemption for Time Banks and Currencies

http://www.communitycurrencieslaw.org/choice-of-entity-and-tax-exemption

This page provides general info on entity options for currency projects, with a specific focus on seeking tax exemption under 501(c)(3) and 501(c)(4), and links to further resources on cooperatives. Also see our pages on Governance Structures. And Participatory Governance Models. Also visit Co-opLaw.org, SELC’s e-resource library dedicated to cooperative law and supporting cooperative formation. Tax Exemption for Organizations That Administer Time Banks, Barter Networks, or Currencies. The most helpful I...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Barter Exchange Tax Reporting Requirements

http://www.communitycurrencieslaw.org/barter

When is a Local Currency or Exchange Network Considered a Barter Exchange? Are community/local currencies also barter exchanges? Tax Reporting Requirements for “Barter Exchanges”. Proposal to Amend Barter Exchange Reporting Requirements. Taxation of Barter, Generally. Other Barter Exchange Info. When is a Local Currency or Exchange Network Considered. See footnote for acknowledgements. The regulation provides some examples to illustrate what is included in this definition of barter exchange:. The IRS is ...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Laws Related to the Issuance and Form of Currencies

http://www.communitycurrencieslaw.org/currency-laws

It Is Illegal to Make Coins that will Circulate as Money. How Much Flow Does it Take to Make a Current? The Liberty Dollars Case. It is Illegal to Create Currency Worth Less Than $1.00. It is Illegal to Materially Alter the Dollar. It is Illegal to Make Things that Look Too Similar to the U.S. Dollar. It Is Illegal to Make Coins that will Circulate as Money. Federal law prohibits people from making metal coins intended for use as current money. How Much Flow Does it Take to Make a Current? Redeemable at ...

communitycurrencieslaw.org

CommunityCurrenciesLaw.org | Blog

http://www.communitycurrencieslaw.org/blog

Welcome to Community Currencies Law: Creating Monetary Resilience. In Home Page Content. The vast realm of economic possibility created by community currencies also churns up new legal grey areas. CommunityCurrenciesLaw. Is a user-supported library of legal tools, research, and resources to support economies based on emerging forms of community exchange. Is a project of the Sustainable Economies Law Center. And should absolutely not be taken as true or accurate, especially because this is a collaborative...