MS HB978

Creates the "Mississippi Sound Money Tax Removal Act" by amending Section 27-65-111, Mississippi Code of 1972, to add a sales tax exemption for precious metals bullion.

Defines "precious metals bullion" as coins, bars, or rounds made primarily of refined gold, silver, or other precious metals that are either marked and valued by weight, purity, and content, or minted by a government authority.

Exempts sales of precious metals bullion from Mississippi sales taxation.

Takes effect July 1, 2021.