8279 -- Monetary Metals Tax Neutrality Act of 2024 | Poliscope

Monetary Metals Tax Neutrality Act of 2024

8279

118th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

May 7, 2024

Latest Action

May 7, 2024

Primary Sponsor

Alexander X. MooneyRepublican(WV)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 10,564 other HR bills in the 118th — cohort avg 68d

Summary

Monetary Metals Tax Neutrality Act of 2024 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 that are valued primarily based on their metal content and not their form.