by Clint Siegner, Money Metals:
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On the heels of overwhelming votes to remove all taxes from purchases of precious metals in Mississippi, legislators in Vermont have introduced a measure to curtail the controversial tax in their own state.
Introduced yesterday by Rep. Peterson, Demar, Highly, and Smith, House Bill 295 would cancel sales taxes on larger-sized purchases of “rare coins of numismatic value, gold or silver bullion or coins, or gold or silver tender of any nation traded and sold according to its value as precious metal.”
In the past two years alone, the governors of Alabama, Ohio, Arkansas, Tennessee, and Virginia each signed legislation to enact or extend sales tax exemptions on precious metals in their states.