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Wisconsin is near to ending taxes on gold and silver bullion

Section: Daily Dispatches

By JP Cortez
Money Metals Exchange, Eagle, Idaho
Friday, March 15, 2024

The Wisconsin Senate has voted in favor of Assembly Bill 29 to end the state sales tax on purchases of gold and silver. 

Joining the state Assembly, which overwhelmingly voted to approve this law last week, senators voted 23-9 in favor of this pro-sound money legislation. The bill will now be transmitted to Gov. Tony Evers for his signature.

... Dispatch continues below ...


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Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, also passed out of the state Assembly by a bipartisan vote of 86-12. This popular bill is co-sponsored by almost two dozen other legislators and enjoys wide support -- and would align Wisconsin with the policies of 43 other U.S. states.

AB 29 would exempt "precious metals bullion," defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.

Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e., gold and silver) has become an unusual and outmoded practice in the United States. Only seven states still engage in it. ...

... For the remainder of the report:

https://www.moneymetals.com/news/2024/03/15/wisconsin-senate-votes-to-end-taxes-on-sound-money-003054

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