GOLD & SILVER BULLION SALE GROSS RECEIPTS
SB 382 would allow businesses selling qualifying gold or silver bullion to deduct those sales from their gross receipts tax. The bill defines "bullion" as refined gold or silver (including bars and ingots) based on mass and purity, excluding jewelry, art, or collectibles. Taxpayers must report the deduction separately, and the deduction will be counted as a tax expenditure in the state budget. The law is scheduled to take effect on July 1, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
Feb 13, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Candy Ezzell
RRepublican
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