US HB6790 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on September 12 2018 - 25% progression
Action: 2018-09-12 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Monetary Metals Tax Neutrality Act of 2018 This bill amends the Internal Revenue Code to exempt 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.

Tracking Information

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Title

Monetary Metals Tax Neutrality Act of 2018

Sponsors


History

DateChamberAction
2018-09-12HouseReferred to the House Committee on Ways and Means.
2018-09-12HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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