Text: HF00751 Text: HF00753 Text: HF00700 - HF00799 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1 13 c. This subsection is repealed July 1, 2005.
1 14 Sec. 2. EFFECTIVE DATE. This Act takes effect January 1,
1 15 2003.
1 16 EXPLANATION
1 17 This bill exempts from sales and use taxes the purchase of
1 18 coins, currency, or bullion. The exemption takes effect
1 19 January 1, 2003, and is repealed July 1, 2005.
1 20 LSB 3058HV 79
1 21 mg/cls/14
Text: HF00751 Text: HF00753 Text: HF00700 - HF00799 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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