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New Law in Effect: Alabama Repeals Capital Gains Taxes on Gold and Silver

New Law in Effect: Alabama Repeals Capital Gains Taxes on Gold and Silver

by Mike Maharrey | Jan 6, 2025 | Federal Reserve, State Bills

MONTGOMERY, Ala. (Jan. 6, 2025) – Last week, a law repealing the capital gains tax on the sale of gold and silver went into effect. The new law removes a barrier to using gold and silver as money. Sen. Tim Melson sponsored Senate Bill 297 (SB297). Alabama...
Signed as Law: Alabama Repeals State Capital Gains Taxes on Gold and Silver

Signed as Law: Alabama Repeals State Capital Gains Taxes on Gold and Silver

by Mike Maharrey | May 17, 2024 | Federal Reserve, State Bills

MONTGOMERY, Ala. (May 17, 2024) – Today, Alabama Governor Kay Ivey signed a bill into law repealing the state capital gains tax on gold and silver bullion. Sen. Tim Melson introduced Senate Bill 297 (SB297) on April 4. Alabama repealed the state sales tax on gold,...
Alabama Senate Passes Bill to Repeal State Capital Gains Taxes on Gold and Silver

Alabama Senate Passes Bill to Repeal State Capital Gains Taxes on Gold and Silver

by Mike Maharrey | May 1, 2024 | Federal Reserve, State Bills

MONTGOMERY, Ala. (May 1, 2024) – On Tuesday, the Alabama Senate unanimously passed a bill that would repeal the state capital gains tax on gold and silver bullion. Sen. Tim Melson introduced Senate Bill 297 (SB297) on April 4. Alabama repealed the state sales tax on...
Alabama Bill Would Repeal State Capital Gains Taxes on Gold and Silver

Alabama Bill Would Repeal State Capital Gains Taxes on Gold and Silver

by Mike Maharrey | Apr 9, 2024 | Federal Reserve, State Bills

MONTGOMERY, Ala. (April 9, 2024) – A bill introduced in the Alabama Senate would repeal the state capital gains tax on gold and silver bullion. Sen. Tim Melson introduced Senate Bill 297 (SB297) on April 4. Alabama repealed the state sales tax on gold, silver,...
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