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Bill > H0711
VT H0711
VT H0711An act relating to a sales tax exemption for precious metals purchased for investment
summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
This bill proposes to exempt sales of precious metals purchased for investment from sales and use tax.
AI Summary
This bill proposes to exempt sales of precious metal bullion and coins, meaning gold or silver items whose value is primarily determined by their metal content, from sales and use tax in Vermont, with the stated purpose of encouraging investment in gold and silver. This exemption specifically excludes jewelry, art made from precious metals, and precious metals processed for industrial or artistic use. The bill also clarifies that monetized bullion and coins used as a medium of exchange are included in this exemption. This legislation is set to take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (8)
Gregory Burtt (R)*,
Carolyn Branagan (R),
Joshua Dobrovich (R),
Bob Hooper (D),
Larry Labor (R),
Leland Morgan (R),
Christopher Pritchard (R),
Michael Tagliavia (R),
Last Action
House Committee on Ways and Means Hearing (00:00:00 1/30/2026 ) (on 01/30/2026)
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/2026/H.711 |
| BillText | https://legislature.vermont.gov/Documents/2026/Docs/BILLS/H-0711/H-0711%20As%20Introduced.pdf |
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