110 HR 5427 IH: Tax-Free Gold Act of 2008 U.S. House of Representatives 2008-02-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 5427 IN THE HOUSE OF REPRESENTATIVES February 13, 2008 Mr. Paul introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide that no tax or fee may be imposed on certain coins and bullion.

1.

Short title

This Act may be cited as the Tax-Free Gold Act of 2008.

2.

No tax on certain coins and bullion

(a)

In general

Notwithstanding any other provision of law— (1)no tax may be imposed on (or with respect to the sale, exchange, or other disposition of) any coin, medal, token, or gold, silver, platinum, palladium, or rhodium bullion, whether issued by a State, the United States, a foreign government, or any other person, and (2)no State may assess any tax or fee on any currency, or any other monetary instrument, which is used in the transaction of interstate commerce or commerce with a foreign country, and which is subject to the enjoyment of legal tender status under article I, section 10 of the United States Constitution. (b)

Effective date

This section shall take effect on December 31, 2008, but shall not apply to taxes or fees imposed before such date.