Monetary Metals Tax Neutrality Act of 2024
Latest action · May 7, 2024 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 7, 2024
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Monetary Metals Tax Neutrality Act of 2024
This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots that are valued primarily based on their metal content and not their form.
Cosponsors 2
Members who signed on, in the order they did. All signed on May 7, 2024.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Randy K. Weber, Sr. | Original | May 7, 2024 |
| R-PA | Scott Perry | Original | May 7, 2024 |
Actions 2
Everything that happened, newest first.
- May 7, 2024Introduced in House
- May 7, 2024Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 7, 2024Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.