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Posts Tagged: “Virginia“
States Move to Fortify Precious Metals Policies
Legislators in Virginia and Wyoming are taking steps to safeguard gold and silver ownership as part of a broader effort to help citizens preserve their wealth against a weakening dollar. In Virginia, House Bill 2336—introduced by Del. Amanda Batten (96-R)—would extend the state’s sales tax exemption on precious metals purchases until 2032. Currently, Virginia’s exemption […]
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Now in Effect: Virginia Law Expands and Extends Sales Tax Exemption on Gold and Silver
On July 1, a Virginia law extending and expanding a sales tax exemption on the sale of gold and silver bullion and coins went into effect. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating precious metal bullions as money instead of a commodity.
Alabama and Virginia Extend Sales Tax Exemptions on Gold and Silver Bullion
Virginia and Alabama both extended their sales tax exemptions on precious metal bullion this year, relieving some of the tax burdens on investors, and taking a step toward treating gold and silver as money instead of as commodities.