AN ACT relating to sales and use tax exemptions for bullion and currency.

Repeal, reenact, and amend KRS 139.480 to exempt currency and bullion from sales and use tax as of August 1, 2024.

Introduced: January 9, 2025

Last action: February 4, 2025

To Appropriations & Revenue (H)

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This bill would remove Kentucky's sales and use tax from purchases of currency and bullion, such as gold, silver, and coins, effective August 1, 2024. It updates existing state law to make these transactions tax-free. Who it may affect: Kentuckians who buy or sell coins, precious metals, or currency, including collectors and investors.

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