S 7875

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: June 5, 2026.

Relates to the sales and use tax exemption for certain transactions in precious metal bullion held for investment purposes.

Bill ID NY-2025-2026-S-7875
Session 2025-2026
Status in_committee
Committee Rules
Senate in_committee 2026-06-05
Tax / Budget / Appropriations
Summary

Requires that sales tax exempt precious metal bullion shall be purchased by a bank, a foreign government, the U.N. or the state, federal or local government.

Sponsor
Andrew Gounardes
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-05-13 Introduced Bill introduced
2026-06-05 Status in_committee
2026-06-05 Latest Action In Senate Committee
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