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AZ SB1423

Bill

Official Source

Status

Engrossed

2/18/2016

Primary Sponsor

David Farnsworth

Click for details

Origin

Senate

Fifty-second Legislature - Second Regular Session (2016)

AI Summary

  • Amends Arizona Revised Statutes Title 42, Chapter 1, Article 3 by adding section 42-1131.

  • Exempts the exchange of gold or silver coins from all taxation liability.

  • Classifies gold and silver coins as money rather than taxable property.

  • Permits taxation of gold and silver coins only as required by the Arizona Constitution Article IX, Section 2, Subsection 13.

Legislative Description

Gold and silver coins; taxation

Last Action

Referred to House RULES Committee

3/14/2016

Full Bill Text

No bill text available