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

This bill would change Kentucky's tax rules so that any profit or loss from selling or exchanging currency or precious metal bullion is not counted when calculating state income taxes. In other words, Kentuckians who buy and sell things like gold, silver, or foreign currency would not owe state income tax on any gains, and could not claim any losses either. Who it may affect: Kentuckians who invest in or trade precious metals or foreign currency.

Open official bill text (PDF)·Report a problem with the summary