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Monetary Metals Tax Neutrality Act of 2019

USA116th CongressHR-1089| House 
| Updated: 2/7/2019
Alexander X. Mooney

Alexander X. Mooney

Republican Representative

West Virginia

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Monetary Metals Tax Neutrality Act of 201 9 This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.
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Timeline
Feb 7, 2019
Introduced in House
Feb 7, 2019
Referred to the House Committee on Ways and Means.
  • February 7, 2019
    Introduced in House


  • February 7, 2019
    Referred to the House Committee on Ways and Means.

Taxation

CurrencyIncome tax exclusionMetals

Monetary Metals Tax Neutrality Act of 2019

USA116th CongressHR-1089| House 
| Updated: 2/7/2019
Monetary Metals Tax Neutrality Act of 201 9 This bill exempts gains or losses from the sale or exchange of certain coins or bullion from recognition for income tax purposes. The exemption applies to gains or losses from the sale or exchange of (1) gold, silver, platinum, or palladium coins minted and issued by the Department of the Treasury; or (2) refined gold or silver bullion, coins, bars, rounds, or ingots which are valued primarily based on their metal content and not their form.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 7, 2019
Introduced in House
Feb 7, 2019
Referred to the House Committee on Ways and Means.
  • February 7, 2019
    Introduced in House


  • February 7, 2019
    Referred to the House Committee on Ways and Means.
Alexander X. Mooney

Alexander X. Mooney

Republican Representative

West Virginia

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CurrencyIncome tax exclusionMetals