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Mississippi legislature votes overwhelmingly to end sales taxes on gold and silver
By JP Cortez
Money Metals News Service, Eagle, Idaho
Tuesday, February 21, 2023
JACKSON, Mississippi -- Both houses of the Mississippi Legislature have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the state sales tax, sending the bill to Governor Tate Reeves for his signature.
Senate Bill 2019, sponsored by Sen. Chad McMahan, R-6, passed yesterday out of the full Senate by a vote of 47-2. This afternoon, Rep. Jody Steverson's identical House Bill 1661 passed out of the full house chamber on an overwhelming voice vote.
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Backed by the Sound Money Defense League, Money Metals Exchange, and in-state Mississippi dealers and investors, the legislative effort built on last year's momentum. In 2022 a similar sales tax exemption bill had passed out of the Mississippi House of Representatives overwhelmingly but it missed the deadline in the Senate needed to receive a hearing.
If Gov. Reeves signs the bill next week (or if he simply chooses not to veto it), Mississippi will become the 43rd state to exempt sales of sound money from state sales tax. The effective date is July 1, 2023. ...
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