Politiparty
Politiparty

118th Congress Taxation

H.R. 8279: Monetary Metals Tax Neutrality Act of 2024

Introduced

  1. Introduced (completed)May 7, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, May 7, 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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

2

Who scored on this bill

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Other bills by Alexander Mooney

History

  1. May 7, 2024Introduced in the House by Alexander Mooney.
Show the full action history (2 actions)
  1. May 7, 2024Introduced in House
  2. May 7, 2024Referred to the House Committee on Ways and Means.