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Tennessee governor signs full repeal of sales taxes on gold and silver
From Money Metals News Service
Sunday, May 29, 2022
NASHVILLE, Tennessee -- With Gov. Bill Lee's signature on Friday, Tennessee has officially become the 42nd state to remove sales taxes from constitutional sound money -- gold and silver.
Tennessee's House Bill 1874 and Senate Bill 1857, introduced by Rep. Bud Hulsey and Sen. Frank Niceley, passed both chambers of the Tennessee legislature overwhelmingly last month and took effect immediately upon the governor's signature at the start of Memorial Day weekend.
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Substantial grassroots support tipped the balance. During the Senate floor vote, Sen. Janice Bowling commented, "I just want to thank the senator for bringing forward this bill along with half of the state of Tennessee that contacted all of us!"
The victory puts a capstone on long-running efforts by the Sound Money Defense League, Money Metals Exchange, Campaign for Liberty, and grassroots activists and coin dealers in Tennessee. Tennessee investors, savers, and small businesses can now acquire gold, silver, platinum, and palladium bullion and coins without being slapped with taxes as high as 10%, depending on the purchaser's location. ...
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