| Bill | HR 1089 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 116 |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Monetary Metals Tax Neutrality Act of 2019
This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.
Bill Title
Monetary Metals Tax Neutrality Act of 2019
Linked Goals
Steps
- 2019-02-07: Referred to the House Committee on Ways and Means.
- 2019-02-07: Introduced in House
- 2019-02-07: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.