Under the proposed law, gold and silver coins issued by the federal government would be deemed legal tender in this state, as was always required by the Constitution.
The post West Virginia Bill Would Make Gold and Silver Legal Tender first appeared on Tenth Amendment Center.
A bill introduced in the Minnesota House would expand the sales tax exemption on gold and silver to include bullion coins. The passage of this bill would relieve some of the tax burdens on investors, and would also eliminate another barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Minnesota Bill Would Expand Sales Tax Exemption on Gold and Silver; Take Another Step Toward Treating Them as Money first appeared on Tenth Amendment Center.
The legislation is a companion to SB100 in the Senate and would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.
The post Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
A bill introduced in the Alaska House would exempt gold and silver bullion from the state sales tax and make both legal tender in the state. Passage of this bill would not only relieve some of the tax burdens on investors, but it would also eliminate barriers to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Alaska Bill Would Set the Stage to Treat Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would exempt from sales tax the sales of platinum, gold, and silver bullion that are valued solely upon their precious metal content, whether in coin or ingot form. This also includes numismatic coins that have a value of $1,000 or less, and numismatic coins sold at a national, statewide, or multi-county numismatic trade show.
The post Mississippi Bill Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.
The post Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would take several steps to encourage the use of gold and silver as money in Missouri, including making it legal tender, eliminating the state capital gains tax on gold and silver, and establishing a state bullion depository.
The post Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
Practically speaking, this would allow South Carolina residents to use gold or silver coins as money rather than just as a mere investment vehicle. In effect, it would put gold and silver on the same footing as Federal Reserve notes.
The post South Carolina Bills Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
Today, a law extending and expanding a sales tax exemption on the sale of gold and silver bullion and coins goes into effect. The exemption relieves some of the tax burdens on investors, and it also eliminates one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
The post Now in Effect: Virginia Law Takes Another Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
Repealing sales taxes on gold and silver obviously benefits investors. But it also takes a small step toward supporting sound money.
The post A Small Step for Sound Money first appeared on Tenth Amendment Center.