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No Tax on Gains from Sales of Precious Metal Coins and Bullion.

This bill aims to exempt from income tax any gains or losses from the sale of certain gold, silver, platinum, or palladium coins and bullion. This means citizens will not have to pay tax on profits made from selling these metals, which could influence their investment and savings decisions.
Key points
Exemption from income tax for gains and losses on the sale of gold, silver, platinum, and palladium coins and bullion.
Applies to coins minted by the Secretary and bullion valued primarily by metal content.
Changes will apply to sales or exchanges made after December 31, 2021.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2284
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2021-03-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Monetary Metals Tax Neutrality Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2284.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-29.

What are the main provisions?

Key points include:

  • Exemption from income tax for gains and losses on the sale of gold, silver, platinum, and palladium coins and bullion.
  • Applies to coins minted by the Secretary and bullion valued primarily by metal content.
  • Changes will apply to sales or exchanges made after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mooney, Alexander X. [R-WV-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy