Bill Text: MN SF2008 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Bullion coin sales and use tax exemption
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2014-02-27 - Referred to Taxes [SF2008 Detail]
Download: Minnesota-2013-SF2008-Introduced.html
1.2relating to taxation; sales and use; providing an exemption for bullion coin;
1.3amending Minnesota Statutes 2012, section 297A.67, by adding a subdivision.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 297A.67, is amended by adding a
1.6subdivision to read:
1.7 Subd. 33. Bullion coin. (a) Bullion coin as defined in section 80B.01, subdivision
1.82, are exempt.
1.9(b) The intent of this subdivision is to eliminate the difference in tax treatment
1.10between the sale of bullion coin and the sale of stocks, bullion EFTs, bonds, and other
1.11investment instruments.
1.12EFFECTIVE DATE.This section is effective for sales and purchases made after
1.13June 30, 2014.
1.3amending Minnesota Statutes 2012, section 297A.67, by adding a subdivision.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 297A.67, is amended by adding a
1.6subdivision to read:
1.7 Subd. 33. Bullion coin. (a) Bullion coin as defined in section 80B.01, subdivision
1.82, are exempt.
1.9(b) The intent of this subdivision is to eliminate the difference in tax treatment
1.10between the sale of bullion coin and the sale of stocks, bullion EFTs, bonds, and other
1.11investment instruments.
1.12EFFECTIVE DATE.This section is effective for sales and purchases made after
1.13June 30, 2014.
