Kansas Bill Would Support Sound Money, Exempt Gold and Silver from Sales Tax

TOPEKA, Kan. (May 9, 2017) – A bill introduced in the Kansas House would exempt gold and silver bullion, and other precious metals, from sales tax, taking a small but important step toward rejecting the Federal Reserve’s monopoly on money. The House of Delegates Taxation Committee introduced House Bill 2421 (HB2421) on May 2. The legislation…

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Texas House Passes Bill to Facilitate Operation of Bullion Depository

AUSTIN, Texas (May 5, 2017) – Yesterday, the Texas House unanimously passed a bill that would facilitate the establishment and operation of the Texas Bullion Depository; helping to undermine the Federal Reserve’s monopoly on money. Rep. Giovanni Capriglione (R-Keller) introduced House Bill 3169 (HB3169) in March. The legislation includes various provisions for the operation and administration of…

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Texas Committee Passes Bill to Facilitate Operation of Bullion Depository

AUSTIN, Texas (May 1, 2017) – A Texas House committee has passed a bill that will facilitate the establishment and operation of the Texas Bullion Depository. Passage of the bill would take another step toward getting the depository fully operational, and facilitating the everyday use of gold and silver in financial transactions in the Lone…

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Texas Committee Passes Measure to Facilitate Use of Gold Depository

AUSTIN, Texas (April 25, 2017) –  Last week, a Texas House committee passed a proposed state constitutional amendment that would authorize the legislature to exempt precious metals held in the Texas Gold Depository from ad valorem taxation. Passage of the amendment would take another step toward the everyday use of gold and silver in financial…

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Texas Bill Would Establish Gold and Silver as Legal Tender, Take on Federal Reserve Money Monopoly

AUSTIN, Texas (April 4, 2017) – A bill introduced in the Texas Senate would establish gold and silver as legal tender in Texas. Passage of the bill would create currency competition in the state and serve to undermine the Federal Reserve’s monopoly on money. Sen. Bob Hall introduced Senate Bill 2097 (SB2097) on March 10.…

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Idaho House Passes Bill to Support Sound Money, Undermine Federal Reserve Monopoly

BOISE, Idaho (March 14, 2017) – Today, the Idaho House passed a bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. Final approval of the legislation would help undermine the Federal Reserve’s monopoly on money. House Majority Leader Mike Moyle introduced House Bill 206 (H206) on…

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Bills to Promote Sound Money Moving In Several States

“It makes no sense to tax money.” Dr. Ron Paul summed it up perfectly during a recent Arizona Senate committee hearing on a bill that would eliminate state capital gains taxes on gold and silver specie, and encourage its use as currency. House Bill 2014 (HB2014) passed the Senate Finance Committee by a 4-3 vote…

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Maine Bill Would Encourage use of Gold and Silver as Currency

AUGUSTA, Maine (March 8, 2017) – A bill introduced in the Maine legislature would eliminate the sales tax on precious metals purchases, removing a powerful disincentive for individuals to protect themselves against the disastrous effects of the Federal Reserve. Sen. Eric Brakey (R-Androscoggin), with a bipartisan coalition of four cosponsors, introduced Senate Bill 664 (LD664)…

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