Gold, silver, and platinum bullion, etc.; extends sunset date for the sales tax exemption. (SB26)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Sales tax exemption; gold, silver, and platinum bullion. Extends the sunset date for the sales tax exemption for gold, silver, and platinum bullion and legal tender coins whose sales price exceeds $1,000 to June 30, 2025. Under current law, the exemption will expire on June 30, 2022. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
12/22/2021Prefiled and ordered printed; offered 01/12/22 22100983D
12/22/2021Referred to Committee on Finance and Appropriations
01/20/2022Impact statement from TAX (SB26)
01/26/2022Senate committee, floor amendments and substitutes offered
01/26/2022Reported from Finance and Appropriations with amendment (14-Y 1-N) (see vote tally)
01/27/2022Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/28/2022Read second time
01/28/2022Reading of amendment waived
01/28/2022Committee amendment agreed to
01/28/2022Engrossed by Senate as amended SB26E
01/28/2022Printed as engrossed 22100983D-E
01/31/2022Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/17/2022Impact statement from TAX (SB26E)
02/18/2022Placed on Calendar
02/18/2022Read first time
02/18/2022Referred to Committee on Finance
02/21/2022Reported from Finance (19-Y 3-N) (see vote tally)
02/23/2022Read second time
02/24/2022Read third time
02/24/2022Passed House (83-Y 14-N)
02/24/2022VOTE: Passage (83-Y 14-N) (see vote tally)
02/28/2022Enrolled
02/28/2022Bill text as passed Senate and House (SB26ER)
02/28/2022Signed by President
02/28/2022Signed by Speaker
03/01/2022Impact statement from TAX (SB26ER)
03/11/2022Enrolled Bill Communicated to Governor on March 11, 2022
03/11/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/11/2022G Approved by Governor-Chapter 634 (effective 7/1/22)
04/11/2022G Acts of Assembly Chapter text (CHAP0634)

Duplicate Bills

The following bills are identical to this one: HB3.

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