SF 190

as introduced - 89th Legislature (2015 - 2016) Posted on 01/21/2015 09:14am

A bill for an act
relating to taxation; sales and use; providing an exemption for bullion coin;
amending Minnesota Statutes 2014, section 297A.67, by adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 297A.67, is amended by adding a
subdivision to read:

new text begin Subd. 34. new text end

new text begin Bullion coin. new text end

new text begin (a) Bullion coin as defined in section 80G.01, subdivision
2, are exempt.
new text end

new text begin (b) The intent of this subdivision is to eliminate the difference in tax treatment
between the sale of bullion coin and the sale of stocks, bullion EFTs, bonds, and other
investment instruments.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales and purchases made after
June 30, 2015.
new text end