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Texas may waive taxes on gold and silver stored at state depository
From LewRockwell.com
Monday, July 15, 2019
Texas continues to take steps to make the state more friendly to gold and silver.
Earlier this week, the Texas Senate gave final approval to a pair of bills that that would exempt precious metals stored in the Texas Bullion Depository from certain taxes. By repealing taxes on gold and silver, the state will treat them more like money instead of commodities.
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Rep. Giovanni Capriglione (R-Keller) introduced House Joint Resolution 95 (HJR95) on March 1. The resolution places a state constitutional amendment authorizing the legislature to “exempt from ad valorem taxation precious metal held in a precious metals depository located in this state,” on the November ballot. Ad valorem taxes are levied on personal property.
With Senate approval, the proposed amendment will now go before the voters in November.
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https://www.lewrockwell.com/2019/07/no_author/texas-takes-another-step-t...
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