Bill
Bill > H0295
summary
Introduced
02/21/2023
02/21/2023
In Committee
02/21/2023
02/21/2023
Crossed Over
Passed
Dead
05/10/2024
05/10/2024
Introduced Session
2023-2024 Session
Bill Summary
This bill proposes to exempt sales of precious metals sold for investment from the sales and use tax when the sale is valued at $1,000.00 or more. This bill would continue to impose sales and use tax on the first $1,000.00 of sales of precious metals.
AI Summary
This bill proposes to exempt sales of precious metals, such as gold or silver bullion or coins, sold for investment from the sales and use tax when the sale is valued at $1,000.00 or more. However, the first $1,000.00 of the value of the sale would remain taxable. The purpose of this exemption is to encourage investment in gold and silver. The bill would take effect on July 1, 2023.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
House Committee on Ways and Means Hearing (00:00:00 4/7/2023 ) (on 04/07/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.vermont.gov/bill/status/2024/H.295 |
| BillText | https://legislature.vermont.gov/Documents/2024/Docs/BILLS/H-0295/H-0295%20As%20Introduced.pdf |
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