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Nebraska ends income taxes on gold and silver, declares CBDCs not lawful money
From Money Metals News Service, Eagle, Idaho
Thursday, April 25, 2024
With Gov. Jim Pillen's signature last night, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.
LB 1317 is the fourth major sound-money bill to become law this year, as state lawmakers across the nation scramble to protect the public from the ravages of inflation and runaway federal debt.
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Under the new Nebraska law, any "gains" or "losses" on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calculation of a Nebraska taxpayer’s adjusted gross income.
Supported by the Sound Money Defense League, Money Metals Exchange, and in-state advocates, Nebraska's sound-money measure passed out of the unicameral legislature's Revenue committee unanimously before being amended into a larger bill. ...
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