Oklahoma Governor Mary Fallin signed Senate Bill 862 into law in June 2014, recognizing gold and...
Arizona Eliminates Capital Gains Tax on Gold and Silver Transactions
In May 2017, Arizona Governor Doug Ducey signed House Bill 2014 into law, eliminating state capital gains taxes on gold and silver transactions. This legislation recognizes precious metals as legal currency, providing Arizona residents with an alternative to Federal Reserve notes. By removing tax penalties on gold and silver, the law encourages the use of sound money, helping individuals preserve their wealth against inflation and economic instability. Arizona joins a growing number of states taking steps to reduce reliance on fiat currency and promote financial freedom. Supporters argue that this measure strengthens economic resilience and aligns with constitutional principles that support gold and silver as legal tender.
