Bill > HB1379

This bill modifies North Dakota's personal and corporate income tax calculations by providing a special adjustment for capital gains or losses from the sale of gold and silver legal tender coins and bullion. Specifically, taxpayers can reduce their taxable income by the net capital gain (or increase it by the net capital loss) from selling these precious metal assets, but only to the extent that these gains or losses are included in their federal tax return and allocated to the state. The bill defines "bullion" as precious metals refined to at least 99.9% purity, where the value is determined by the metal content rather than its form. This tax adjustment aims to provide a favorable tax treatment for investors and collectors of gold and silver coins and bullion. The changes will take effect for taxable years beginning after December 31, 2024, giving taxpayers and tax authorities time to prepare for the new rules.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1379.html