TAX – FREE BULLION & MONEY in ALABAMA
Alabama now has Senate Bill 156 on the books exempting bullion and money from sales tax for the next 5 years.
Here are some quick facts:
1. The tax-free period starts effective June 01, 2018.
2. Items covered:
BULLION - Gold, silver, platinum, palladium that is at least 90% pure, and its value fluctuates and depends upon the ‘spot’ market price.
MONEY: Any United States of America coins or currency, whether or not it has a precious metal value.
3. Items NOT covered:
FOREIGN coins (unless they are bullion) or currency, Confederate ‘money’ (bonds). Copper rounds, coin supplies, or everything not covered above!
JEWELRY, and precious metal works of art (such as sterling silver tea sets, etc.)
Have any questions?