Category Archives: Bullion Legislation News

Bullion Legislation News, bullion precious metals, Bullion Taxes, California, California Sales Tax, Coins and the Law, Featured Bullion, lobbying, National Coin and Bullion Association, Precious Metals News, Recent Articles & Video, Taxes on Coins

California Resolves Coin, Bullion Sales Tax Issue With Legislation

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By National Coin and Bullion Association (NCBA) …… Last week, Senate Bill 889 (SB 889) reached the desk of California Governor Gavin Newsom for his signature, bringing an end to a three-month negotiation between the California Coin and Bullion Merchant Association (CCBMA) and the California Department of Tax and Fee Administration (CDTFA). The legislation addresses […]

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Florida Bill Removes Bullion From Secondhand Goods Regulation

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By National Coin and Bullion Association (NCBA) …… On May 24, 2023, Florida Committee Substitute / House Bill 737 was signed by Governor Ron DeSantis (R). The law will take effect July 1, 2023. The bill amends paragraph (i), subsection (1) of section 538.03 in the Florida Statutes, to revise its definition of “secondhand goods” […]

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California Coin and Bullion Sales and Use Tax Regulation Changed

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By National Coin and Bullion Association (NCBA) …… The state of California has increased its exemption threshold for sales and use tax on bulk sales of monetized bullion, nonmonetized gold or silver bullion, and numismatic coins, effective January 1, 2023. With higher inflation rates in 2022, regulations stipulated that the threshold adjust from $1,500 to […]

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Arkansas Removes Taxes on Gold and Silver

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By Money Metals Exchange …… House Bill 1718, the Arkansas Legal Tender Act, has become the law in the “Natural State”. Backed by sound money advocates and supporters throughout the state and nation, HB 1718 reaffirms gold and silver as legal tender, as well as ends all taxes on the purchase, sale, or exchange of […]

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Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Kentucky House Votes to End Sales Tax on Gold, Silver

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By Stefan Gleason – Money Metals Exchange …… Responding to overwhelming grassroots support over the last three years, lawmakers in the Kentucky House of Representatives have voted today, March 9, 2023, to end the state’s controversial practice of imposing sales taxes on all purchases of precious metals. House Bill 360 (PDF Link), a sweeping sales […]

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Mississippi Legislature Votes to End Sales Tax on Gold and Silver

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By Stefan Gleason – Money Metals Exchange ……   State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature. Senate Bill 2019 (PDF link), sponsored by Senator Chad […]

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Mississippi Legislature Votes to End Sales Tax on Gold and Silver

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By Stefan Gleason – Money Metals Exchange ……   State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature. Senate Bill 2019 (PDF link), sponsored by Senator Chad […]

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Tennessee Governor Signs Full Repeal of Sales Taxes on Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… With Governor Bill Lee’s (R) signature on Friday, Tennessee has officially become the 42nd state in the United States to remove sales taxes from constitutional sound money (i.e., gold and silver). Tennessee’s House Bill 1874 and Senate Bill 1857, introduced by Representative Bud Hulsey (R-2) and Senator […]

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Tennessee to Become 42nd State to End Sales Taxes on Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… Both houses of the Tennessee legislature yesterday overwhelmingly passed bills that would make the Volunteer State the 42nd state in the U.S. to remove sales taxes from constitutional sound money (i.e., gold and silver). Tennessee’s House Bill 1874 and Senate Bill 1857, introduced by Representative Bud Hulsey […]

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Alabama Expands, Extends Sales Tax Exemption Involving Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… With Governor Kay Ivey’s signature on sound money legislation today, Alabama has become the second state this year to expand its sales tax exemption involving gold and silver. Alabama Senate Bill 13, championed by State Senator Tim Melson (R) and Representative Jamie Kiel (R-18), passed with unanimous […]

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Virginia Bullion Sales-Tax Exemption Extended and Threshold Removed

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By National Coin & Bullion Association (NCBA) ……   On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins to June 30, 2025. Under the previous law, the exemption would have expired on June 30, […]

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What the Russian Gold Bill Means

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By Blanchard and Company, Inc …… In early March, a bill was introduced to the United States Senate in an attempt to restrict Russia from selling its gold. The legislation was a collaborative effort from a bipartisan group of senators. The bill has far-reaching implications because Russia is facing the toughest sanctions ever imposed in […]

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Wyoming, Texas, Utah Top 2019 Sound Money Index — Vermont, Arkansas, New Jersey Among the Worst States

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Precious Metals Dealer, Sound Money Group Rank the 50 States’ Gold and Silver Policies   By Money Metals Exchange …… “Is Your State Destroying Your Money?” asks the Sound Money Defense League and Money Metals Exchange with the release of the 2019 Sound Money Index. The index is the first index of its kind, ranking […]

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Kansas Governor Signs Sales Tax Exemption on Gold, Silver Coins, Precious Metals Bullion

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By Industry Council for Tangible Assets …… On Thursday, May 16, 2019, Kansas governor Laura Kelly (D) signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion. “The outcome is not everything we started with in the original […]

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West Virginia Legislature Votes to End Sales Tax on Gold & Silver

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By Sound Money Defense League ……   Sound money advocates rejoiced on Friday, March 8 as the state legislature of West Virginia overwhelmingly passed Senate Bill 502 and sent it to Governor Jim Justice for his signature. First passed unanimously in the West Virginia Senate last month, the measure removes state sales taxation of precious […]

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Gold & Silver Political Action Committee May 2018 e-Newsletter

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By John Villavicencio for the Gold & Silver Political Action Committee…… Gold & Silver Political Action Committee News Update on Candidate Steve Bieda Last month the Gold & Silver Political Action Committee reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain […]

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Gold & Silver PAC May 2018 e-Newsletter

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By John Villavicencio for the Gold & Silver PAC …… Gold & Silver News From the Political Coordinator Update on Candidate Steve Bieda Last month we reported that we were supporting Steve Bieda (D) in his race for Michigan State Senator. In the fast-moving world of politics, the only thing certain is change. Steve withdrew from […]

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Gold & Silver PAC February 2017 e-Newsletter

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By Scott Barman for the Gold & Silver PAC ….. From the Political Coordinator As I was sitting down to talk with an old friend over coffee, he turns to me and says, “I think frankly when it comes to chaos you ain’t seen nothing yet.” This Washington veteran, who began his career as an intern […]

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ICTA Launches New Website to Enhance User Experience

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The Industry Council for Tangible Assets launched today a new website at ictaonline.org. The website’s updated design is great-looking and is full of new improvements including intuitive navigation with a more standardized menu structure, simplified organization, and refreshed content to make the website more user- friendly and encourage user interaction. The website’s new features include: […]

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