Tennessee Now Has A Sales Tax Exemption on Precious Metals!

 Great news for Tennessee buyers of precious metals, the Tennessee House and Senate have passed a recently resurrected and amended Bill to allow a Sales Tax Exemption on Coins and Precious Metals. Governor Lee signed the Act on May 27, 2022, and the Act took effect immediately upon his signature. 

Here's what the new law looks like:




A big THANK YOU to Rep. Bud Hulsey and Sen. Frank Nicely, the bill's initial Sponsors. Both of these men have been supporting our fight for an exemption for the last decade!

Additional thanks to these bill co-sponsors:
Senators Sutherland, Crowe, Bowling, Lundberg, Rose, Stevens, Walley and Watson
AND
Representatives Lamberth, Weaver, Gant, Sherrell, White, Crawford, Hazlewood, Ragan, Eldridge, Lafferty, Hawk, Terry, Jerry Sexton, Grills, Vital, Zachary, Doggett, Powers, Todd, Haston, Cepicky, Jernigan and Tim Hicks





Comments

Post a Comment

Popular posts from this blog

Our Office Location, Maps & Info

Image
Nashville Coin & Currency, Inc. www.NashvilleCoin.com Our office is located at 213 Overlook Circle, Suite B-1, Brentwood, Tennessee 37027 Here's a map with both old and new office locations shown, an Overlook Circle closeup map, as well as a view of the new office's exterior.  Click on an image to see an expanded view of it. The street marquis signage at the office entrance where you turn in is abbreviated for security. It shows: B-1 Mike Mouret NCC Contact us today for your appointment, we look forward to seeing you soon. Mike     213 Overlook Circle, Ste B-1, Brentwood, TN 37027
Read more

Current Gold to Silver Ratio

July 19, 2023 The Gold to Silver ratio has now broken back under 80, figured today at 78.75 ounces of Silver to 1 ounce of Gold, as Silver has been outperforming Gold recently.    - - - - - Sept 7, 2022 Gold continues to dominate the Gold to Silver ratio.  At today's rates, one ounce of gold will buy 93 ounces of silver - - - - - July 18, 2022 At today's market prices, one ounce of Gold is trading at 91.4 times the price of one ounce of Silver. Historically speaking, a very high Gold to Silver ratio. - - - - - May 11, 2022 At today's market prices, an ounce of Gold is trading at 86 times the price of an ounce of Silver. That's the highest Gold to Silver ratio since mid-2020, and still much higher than the "traditional" ratio of 60 to 1.
Read more

Europe To Ban Large Cash Transactions

Image
The European Union Plans to Ban Large Cash Transactions   Pictured: €500 Bank Note. €500 notes were withdrawn from circulation in 2019   The European Union is setting the stage to ban Cash transactions of 10,000 Euro or more, in the 25 countries using the Euro Currency.  Originally hailed as a method to stop money laundering, but now saying it doesn't work, the previous rule to report Cash transactions of €10,000 or more is being replaced with an outright ban on spending that amount in cash in those countries.  For decades, banks, and then businesses, have had to notify the IRS, and in the case of Europe, its European Union version of the IRS, when a person deposited, withdrew or spent $10,000 or more in cash or "cash equivalents", (ie: money orders & cashier's checks under $10,000).  Banks we'll even flag your account at much lower amounts, $3,000., to monitor if a person attempts to deposit or withdraw smaller amounts at multiple branches, totaling $10,000...
Read more