NV AB359

Requires a ballot question at the November 3, 2026 General Election asking voters whether to exempt certain coins, currency, and bullion from Nevada's Sales and Use Tax Act of 1955

Exemption applies to coins, currency, and bullion made from gold, silver, platinum, palladium, or other materials that are used as legal tender, security, or commodity and sold primarily for their intrinsic precious metal or collectible value

If voters approve, the exemption takes effect January 1, 2027 and automatically expires December 31, 2050

Approval would also exempt these items from the Local School Support Tax and all other analogous state and local sales and use taxes under existing law

Voter approval is required because the 1955 Sales and Use Tax Act was originally approved by referendum and cannot be amended except by direct vote of the people under the Nevada Constitution