The legislation would create a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium.
OKLAHOMA CITY, Okla. (Feb. 19, 2024) – Today, an Oklahoma House Committee passed a bill that would eliminate state capital gains taxes on gold and silver specie, and clarify and expand the definition of gold and silver as legal tender in the state. In 2014, Oklahoma took the first step and declared gold and silver coins
A bill introduced in the Idaho Senate would create a process for the state to invest idle money in physical gold and silver. This would set a foundation for Idaho to achieve more financial independence and help undermine the Federal Reserve’s monopoly on money.