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Posts Tagged: “Tennessee“

Tennessee Governor Signs Bill Authorizing State Gold and Silver Reserves
Tennessee Gov. Bill Lee has signed a bill into law that creates a process for the state to buy, sell, and hold gold and silver. This sets a foundation for Tennessee to achieve more financial independence with gold and silver reserves and could help undermine the Federal Reserve’s monopoly on money.

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Tennessee Bill Would Establish State Gold and Silver Bullion Depository
A bill filed in the Tennessee Senate would establish a state bullion depository. This would not only create a safe place to store precious metals; it also has the potential to facilitate the everyday use of gold and silver in financial transactions in the Volunteer State and undermine the Federal Reserve monopoly on money.

Tennessee Repeals Sales Tax on Gold and Silver Bullion
Last week, Tennessee Gov. Bill Lee signed a bill repealing the sales tax on the sale of precious metal bullion. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating gold and silver as money instead of as commodities.

Tennessee Will Explore the Possibility of a State Gold Depository
Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State. A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate […]

Bills Introduced in Mississippi and Tennessee Would Repeal Sales Tax on Gold and Silver
Bills introduced in the Mississippi House and the Tennessee Senate would repeal state sales taxes on precious metals bullion. This would not only relieve some of the tax burdens on investors in those states; it would also take a small step toward treating gold and silver as money instead of commodities.

Several States Considering Bills to Repeal Taxes on Gold and Silver
Several state legislatures are considering bills that would repeal taxes on the sale of gold and silver. Fundamentally, gold and silver are money. But most governments treat precious metals as a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy.

State Efforts to Facilitate Ownership of Gold and Silver Ramp Back Up in 2018
Many state legislatures kick off their 2018 sessions this month and that means continuing efforts to facilitate gold and silver ownership at the state level. Bills introduced in Tennessee and Alabama would repeal state sales taxes on the sale of gold and silver bullion, and an Arizona bill would build on a foundation set last year […]