The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal. The bill would also exempt the sale of gold and silver legal tender from the state sales and use tax.
The post Maine Bill Would Take Steps Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
A bill introduced in the Maine House would create a sales tax exemption on the sale of gold and silver bullion. Passage into law would relieve some of the tax burdens on investors and eliminate 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 Maine Bill Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
When you get into a war, you never know how it is going to turn out, but Thomas Paine pointed out one thing we can always bank on – we’re going to pay for it.
The post War is a Ripoff first appeared on Tenth Amendment Center.
The bill would make numerous changes to the Kentucky state tax code. Provisions in the bill would exempt the sale of gold, silver, platinum and palladium bullion, including bars, ingots and coins from the state sales tax.
The post Kentucky House Passes Bill That Would Take Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
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.
SALEM, Ore. (Feb. 14, 2023) – A bill introduced in the Oregon House would exempt the sale of precious metals from the state’s Corporate Activity Tax (CAT). Passage into law would relieve some of the tax burden on precious metals dealers and investors, and would also lower one barrier to using gold and silver in […]
The post Oregon House Committee Holds Hearing on Bill That Would Take a Step Toward Treating Gold and Silver as Money first appeared on Tenth Amendment Center.
The legislation would create a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as bars, ingots, or coins made of gold, silver, platinum, palladium, or a combination of these metals to be used as a medium of exchange, security, or commodity.
The post Kentucky Bill Would Take Step Toward Treating Gold and Silver as Money 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.
The proposed law would deconform the state tax code from federal law as it applies to deductions for marijuana businesses.
The post Virginia House Committee Passes Bill to Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.
A bill filed in the Virginia House eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.
The post Virginia Bill Would Eliminate State Conformity with IRS Section 280E for Marijuana Businesses first appeared on Tenth Amendment Center.