The passage of HF208 would remove one of the tax barriers that hinder the use of gold and silver as money in Iowa.
The post Iowa Subcommittee Passes Bill to Repeal Capital Gains Taxes on Gold and Silver Bullion first appeared on Tenth Amendment Center.
The proposed law would exclude capital gains and losses from the sale of bullion, coins, or currency from income for the purpose of calculating state income taxes. The bill defines "bullion" as bars, ingots, or commemorative medallions of gold, silver, platinum, and palladium where the value depends on its contents, not its form.
The post Iowa Bill Would Repeal Capital Gains Taxes on Gold and Silver Bullion first appeared on Tenth Amendment Center.