Text: HF00447 Text: HF00449 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 422.45, Code 2001, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 60. a. The gross receipts from the sale
1 4 of coins, currency, or bullion.
1 5 b. For purposes of this subsection:
1 6 (1) "Bullion" means bars, ingots, or commemorative
1 7 medallions of gold, silver, platinum, palladium, or a
1 8 combination of these where the value of the metal depends on
1 9 its content and not the form.
1 10 (2) "Coins or currency" means a coin or currency made of
1 11 gold, silver, or other metal or paper which is or has been
1 12 used as legal tender.
1 13 EXPLANATION
1 14 This bill exempts from sales and use taxes the purchase of
1 15 coins, currency, or bullion.
1 16 LSB 3058HH 79
1 17 mg/cls/14
Text: HF00447 Text: HF00449 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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