Loading chat...
IN SB0099
Bill
AI Summary
-
Gold and silver coins issued by the United States government are recognized as legal tender in Indiana, effective July 1, 2013
-
No person may compel another to tender or accept U.S. government-issued gold or silver coins unless agreed upon by contract
-
Sales or exchanges of U.S. government-issued gold and silver coins are exempt from Indiana state gross retail tax and use tax, effective July 1, 2013
-
Capital gains (both short-term and long-term) from sales or exchanges of U.S. government-issued gold and silver coins after December 31, 2013 are excluded from adjusted gross income for state income tax purposes, applying to individuals, corporations, insurance companies, trusts, and estates
Legislative Description
Use and taxation of gold and silver coins.
Last Action
First reading: referred to Committee on Tax and Fiscal Policy
1/7/2013