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http://www.brotherjohnf.com/several-states-looking-repeal-taxes-gold-silver/ – Several States Looking to Repeal Taxes on Gold and Silver. —
schiffgold.com / BY SCHIFFGOLD / MAY 18, 2017
Bills are moving forward in several states that would support gold and silver and ultimately help undermine the Federal Reserves monopoly on money.
Legislation that would eliminate state capital gains taxes on gold and silver specie is sitting on Arizona Gov. Doug Ducey’s desk waiting for his action.
Rep. Mark Finchem (R-Tucson) introduced HB2014 earlier this year. The legislation would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill defines legal tender as “a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” “Specie” means coins having precious metal content.
In effect, passage into law would “legalize the Constitution” by treating gold and silver specie as money.
HB2014 has passed both houses of the Arizona legislature. Gov. Ducey has until May 22 to sign or veto the bill. Last year, he vetoed similar legislation. If you live in Arizona, click here for some specific actions you can take to support this bill.
Former US congressman Ron Paul traveled to Arizona and testified during a committee hearing in support of the legislation in March.
The post Several States Looking to Repeal Taxes on Gold and Silver appeared first on Silver For The People.
–(Published @ May 18, 2017 at 07:40PM by www.bitcoins.am™ Instant Real-time Bitcoin News Aggregation Source- From: ) #bitcoinnews
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