In June 2015, the Ohio House passed House Bill 26, aiming to exempt investment metal bullion and...
Alabama Expands Sales Tax Exemptions for Precious Metals
In April 2022, Alabama enacted Senate Bill 13, expanding its sales tax exemption on gold, silver, platinum, and palladium bullion. The legislation clarified that all common forms of bullion are exempt from sales tax, removed burdensome reporting requirements, and extended the exemption until 2028. This move aligns Alabama with 40 other U.S. states that have eliminated or reduced taxes on precious metals, aiming to provide residents with investment options to protect their savings from inflation without the penalty of taxation.
