Precious Metals Parity Act
To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
HB9060, also known as the Precious Metals Parity Act, aims to change how income from precious metals is taxed for regulated investment companies. Currently, these companies can receive income from various investments, but the bill proposes to ensure that income from precious metals is treated the same as income from other qualifying investments.
If passed, this bill would primarily impact regulated investment companies, which are often mutual funds or exchange-traded funds (ETFs) that invest in precious metals. By treating income from precious metals as qualifying income, these companies could potentially benefit from more favorable tax treatment.
As of May 29, 2026, the bill has just been introduced in the House and referred to the House Committee on Ways and Means. This is the first step in the legislative process, where the committee will review and potentially make changes to the bill before it proceeds further.
