Proposes to exempt sales of certain coins, currency and bullion from sales and use taxes and analogous taxes upon approval by the voters. (BDR 32-147)

AB 359 proposes a voter-approved exemption from Nevada's sales and use taxes for the sale of coins, currency, and bullion (like gold or silver coins) when sold primarily based on their precious metal value - not as money. If approved by voters in the 2026 general election, this exemption would apply to all applicable sales taxes starting January 1, 2027, and expire December 31, 2050. It directly affects sellers and buyers of collectible or investment-grade precious metal items (e.g., bullion dealers, collectors), excluding items sold for use as currency. The exemption requires items to be used as legal tender, security, or commodity, not for their face value as money.