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MN HF2267

Bill

Status

Introduced

2/25/2014

Primary Sponsor

Paul Rosenthal

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Exempts bullion coin from Minnesota sales and use tax, as defined in Minnesota Statutes section 80B.01, subdivision 2.

  • Establishes equal tax treatment between bullion coin sales and sales of stocks, bullion exchange-traded funds (ETFs), bonds, and other investment instruments.

  • Amends Minnesota Statutes 2012, section 297A.67, by adding a new subdivision 33.

  • Effective for all sales and purchases made after June 30, 2014.

Legislative Description

Bullion coin sales and use taxation exemption provided.

Last Action

Author added Schomacker

3/13/2014

Committee Referrals

Taxes2/25/2014

Full Bill Text

No bill text available