Thursday, May 23, 2013

Texas Votes to Abolish Taxation of Gold

The Texas Senate on Wednesday night passed H.B. 78, a bill that eliminates the sales tax on precious metal coins and bullion. It now goes to Governor Rick Perry’s desk for his signature into law. Existing Texas statute applies the 6.25% sales tax to purchases of gold and silver under $1,000, reports The Journal.

(ht Nick Sorrentino)


  1. Yes, I read the original article , but did not get one thing that, What is particularly right about this bill is that it removes a tax that affected middle and lower income people who wanted to be silver sellers ?

  2. with that circumstances gold buyers are happy... I am gonna save all gold investment and ll wait for better conditions