Now In Effect: Kansas Law Removes Barrier to the Use of Gold and Silver as Money
TOPEKA, Kan. (July 2, 2019) – Yesterday, a Kansas law went into effect exempting gold and silver bullion, and other precious metals, from the state sales tax. Enactment of this legislation eliminates one barrier to using gold and silver in everyday transactions, a...
Now in Effect: West Virginia Law to Start Treating Gold and Silver as Money
CHARLESTON, W. Va. (July 1, 2019) – Today, a West Virginia law went into effect that takes an important first step toward treating gold and silver as money instead of a commodity. Sen. Craig Blair (R-Martinsburg) introduced Senate Bill 502 (SB502) on Feb. 1. The new...
Signed by the Governor: Texas Bill to Facilitate Use of Bullion Depository
AUSTIN, Texas (June 10, 2019) – Last week, Texas Gov. Greg Abbott signed a bill into law that would exempt precious metals stored in the Texas Bullion Depository from certain taxes pending passage of a proposed constitutional amendment. If voters approve the...