Monetary Metals Tax Neutrality Act of 2024
Summary
Monetary Metals Tax Neutrality Act of 2024 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 that are valued primarily based on their metal content and not their form.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
President
Introduced May 7, 2024
Last action May 7, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 7, 2024
Committee
Referred to the House Committee on Ways and Means.
lower
May 7, 2024
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Alexander X. Mooney
RRepublican
Co
Randy K. Weber, Sr.
RRepublican
Co
Scott Perry
RRepublican
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