Coins, Bullion, and Legal Tender

Checkout our iOS App for a better way to browser and research.

Sec. 47. Transactions involving the sale of or the lease or rental of storage for:

(1) coins that are permitted investments by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m);

(2) bullion that would be a permitted investment by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m) if the bullion was in the physical possession of a trustee; or

(3) legal tender;

are exempt from the state gross retail tax.

As added by P.L.195-2016, SEC.1. Amended by P.L.239-2017, SEC.9.


Download our app to see the most-to-date content.