Louisiana Passes Gold and Silver Bill

The momentum in gold and silver legislation appears to have picked up dramatically in 2017 following the laws passed in Arizona and Idaho.

Earlier this week, the Louisiana House gave final approval to a bill that would exempt precious metals from state sales and use taxes. This would remove one barrier from buying gold, silver, and platinum. It would also help encourage their use and take the first step toward breaking the Federal Reserve’s monopoly on money.

Rep. Stephen Dwight (R) and Rep. Mark Abraham (R) introduced House Bill 396 on March 31. The legislation would exempt the sale of platinum, gold, or silver bullion, ingots, or coins that are valued only on their precious metal content from the state sales tax. It would also exempt certain numismatic (collectable) coins.

Read More: