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West Virginia exempts bullion coins from sales tax
From Numismatic News, Stevens Point, Wisconsin
Sunday, April 7, 2019
By unanimous vote March 8, the West Virginia Legislature approved Senate Bill 502, originally introduced by Sen. Craig Blaire, R-Martinsburg, which called for the exemption of taxation on sales of investment metal bullion and investment coins. On March 27 West Virginia Gov. Jim Justice signed the bill into law. The law will go into effect on July 1.
The bill defines investment metal bullion as "any elementary precious metal which has been put through a process of smelting or refining, including gold, silver, platinum, and palladium, and which is in such a state or condition that its value depends upon its content and not its form. Investment metal bullion does not include precious metal which has been assembled, fabricated, manufactured, or processed in one or more specific and customary industrial, professional, aesthetic or artistic uses." ...
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