An Act to Exempt Certain Numismatic Transactions from State Sales...
An Act to Exempt Certain Numismatic Transactions from State Sales Tax
This bill aimed to exempt certain numismatic transactions, like the sale of collectible coins, from state sales tax. If passed, it would have affected coin collectors and businesses that deal in collectible coins by reducing their tax burden on these specific sales.
The bill was introduced on January 14, 2025, and referred to the Committee on Taxation in both the House and Senate. After some time, it was approved by the Joint Legislative Technical Committee and reported out. Unfortunately, the bill failed on February 25, 2025, and was placed in the legislative files as dead.
Key actions include the bill's introduction, its referral to taxation committees, approval by a joint committee, and its eventual failure. The bill's failure means that collectible coin sales will continue to be subject to state sales tax.