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

This bill would change Kentucky's income tax rules so that any profit or loss from selling or exchanging currency or bullion (such as gold or silver coins and bars) would not be counted when calculating state income taxes. In other words, Kentuckians who buy and sell these assets would not owe state income tax on any gains, but could also not use any losses to reduce their tax bill. Who it may affect: Kentucky residents and businesses that buy, sell, or exchange currency or precious metal bullion.

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