Monetary Metals Tax Neutrality Act of 2021
- Last Action
- 3/29/2021
Actions
- 2021-03-29Referred to the House Committee on Ways and Means.
- 2021-03-29Introduced in House
- 2021-03-29Introduced in House
CRS Summary
As of 2021-03-29 (00)
Monetary Metals Tax Neutrality Act of 2021
This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.
Subjects
- Currency
- Income tax exclusion
- Metals
Sourced from Congress.gov (public domain).
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