Amends TCA Title 67, Chapter 6.
This bill exempts from sales and use tax the sale of all bullion that is: (1) Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; (2) Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and (3) Sold based on its intrinsic value as precious material or a collectible item rather than their representative value as a medium of exchange.
This bill exempts from sales and use tax the sale of all bullion that is: (1) Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; (2) Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and (3) Sold based on its intrinsic value as precious material or a collectible item rather than their representative value as a medium of exchange.
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