AN ACT relating to the sale or exchange of currency or bullion.

This bill would change Kentucky's income tax rules so that any money made or lost when selling or exchanging currency or precious metal bullion is not counted when calculating state taxes. In other words, profits from these transactions would not be taxed at the state level, and losses could not be used to reduce a tax bill. Who it may affect: Kentuckians who buy, sell, or trade currency or precious metals such as gold or silver bullion.

Open official bill text (PDF)·See a problem? Tell us