HR 5427 IHCommentsClose CommentsPermalink

To provide that no tax or fee may be imposed on certain coins and bullion.CommentsClose CommentsPermalink

February 13, 2008

Mr. PAUL introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concernedCommentsClose CommentsPermalink

To provide that no tax or fee may be imposed on certain coins and bullion.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.

This Act may be cited as the `Tax-Free Gold Act of 2008'.CommentsClose CommentsPermalink

SEC. 2. NO TAX ON CERTAIN COINS AND BULLION.

(a) In General- Notwithstanding any other provision of law--CommentsClose CommentsPermalink





(1) no tax may be imposed on (or with respect to the sale, exchange, or other disposition of) any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion, whether issued by a State, the United States, a foreign government, or any other person, andCommentsClose CommentsPermalink





(2) no State may assess any tax or fee on any currency, or any other monetary instrument, which is used in the transaction of interstate commerce or commerce with a foreign country, and which is subject to the enjoyment of legal tender status under article I, section 10 of the United States Constitution.CommentsClose CommentsPermalink





(b) Effective Date- This section shall take effect on December 31, 2008, but shall not apply to taxes or fees imposed before such date.CommentsClose CommentsPermalink