arrow_back Trending Legislation
Share share

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.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Monetary Metals Tax Neutrality Act of 2021
Print number: HR 2284
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2021-03-29