Heads Up! This State Just Exempted Gold & Silver Coins And Bullion From Sales Tax

by Chris Powell of the Gold Anti-Trust Action Committee (GATA)

On May 16 Kansas Gov. Laura Kelly signed into law House Bill 2140, which provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion.

“The outcome is not everything we started with in the original bill, but certainly better than where we were,” said Dean Schmidt of Dean Schmidt Rare Coins.

The late Diane Piret, director of legislative affairs for the Industry Council for Tangible Assets, would agree. She always said, “It’s better to get a partial loaf than none. We can always come back for more.” …

“Kansas now joins the 38 other states with a sales-tax exemption,” said the council’s chief operating officer, David Crenshaw. …

… For the remainder of the report:

www.ictaonline.org/index.php?option=com_content&view=article&id=…

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