THERE IS A BILL INTRODUCED IN THE U.S. HOUSE OF REPRESENTATIVES WHICH WOULD ELIMINATE THE TAX ON COIN SALES. THIS BILL HAS BEEN LOST IN THE SHUFFLE DURING THE PANDEMIC CRISIS BUT THE FUTURE LOOKS BRIGHTER FOR SOME OF THESE SHELVED BILLS. CONTACT YOUR U.S. CONGRESSIONAL DISTRICT'S REPRESENTATIVE AND ASK FOR THEIR SUPPORT IN RESSURECTING AND PASSING THIS PROPOSED LEGISLATION. REFER TO HOUSE BILL H. R. 1089. Monetary Metals Tax Neutrality Act of 2019116th Congress (2019-2020)







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MonetaryMetalsTaxNeutralityActof2019
Thisbillexemptsgainsorlossesfromthesaleorexchangeofcertaincoinsorbullionfromrecognitionforincometaxpurposes.Theexemptionappliestogainsorlossesfromthesaleorexchangeof(1)gold,silver,platinum,orpalladiumcoinsmintedandissuedbytheDepartmentoftheTreasury;or(2)refinedgoldorsilverbullion,coins,bars,rounds,oringotswhicharevaluedprimarilybasedontheirmetalcontentandnottheirform.