Silver and Gold: More States Nixing Sales Tax for Bullion

April 5, 2024, 5:51 PM UTC

The week in state tax news: Defenders of precious metals as investments that should be exempt from sales tax have made progress in getting substantial exemptions in most states, with bills pending in a couple of others. Meanwhile, voter rejection of a sales tax renewal to fund Kansas City, Mo., sports stadium plans shows the conflicting interests around such funding, a bill to replace Connecticut’s unpopular car tax died in committee, and Kansas leaders got oh-so-close to a tax-cutting agreement.

It’s getting a little less expensive across the country to buy investment metals like gold bars and silver coins, as ...

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