HB 78 – Tax Exemption for Small Purchases of Coins and Metals

HB 78 is David Simpson’s bill that exempts certain coins and precious metals from sales tax.  The bill passed the house and has been placed on the Senate calendar.  This bill will extend the sales tax exemption on coins/metals to purchases under $1000. (Current law exempts purchases over $1000).  Judging from the fact that the bill had over 120 co-sponsors in the House, the politicians see value in passing this.
Recommended action: Contact your Senator and urge them to vote IN FAVOR of HB 78.