H.R. 5427, The Tax-Free Gold Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on June 17, 2008, 19:34:53, by webmaster:

H.R. 5427 would provide that no tax or fee may be imposed on certain coins and bullion.

Detailed Summary

Tax-Free Gold Act of 2008 - Prohibits the imposition of tax on any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion issued by any person or jurisdiction.

Prohibits states from assessing any tax or fee on any currency or other monetary instrument that is used in interstate or foreign commerce and that is subject to the enjoyment of legal tender status under the U.S. Constitution.

Status of the Legislation

Latest Major Action: 3/17/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Commercial and Administrative Law.

Points in Favor

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Points Against

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