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Sound money legislation introduced in Mississippi
From Money Metals News Service
Monday, January 16, 2023
Lawmakers in Jackson, Mississippi, have just introduced legislation to exempt gold and silver coins, bars, and rounds from the state's sales tax.
Rep. Jill Ford has reintroduced House Bill 508 at the beginning of the 2023 session.
This year's legislative effort seeks to build on last year's momentum. Last year Ford's sales tax exemption bill passed out of the Mississippi House of Representatives overwhelmingly but it missed a deadline in the Senate needed to receive a hearing.
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Two similar Mississippi bills have already been introduced this session (HB 23 and SB 2019).
Imposing taxes on the exchange of Federal Reserve notes for monetary metals (gold and silver) has become an unusual and outmoded practice in the United States. Only eight states still engage in it. ...
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