HR 8279
118th Congress
House
Taxation
Monetary Metals Tax Neutrality Act of 2024
Introduced: May 7, 2024
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 7, 2024
Introduced in House
May 7, 2024
Referred to the House Committee on Ways and Means.
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1