Read twice and referred to the Committee on Finance.
Taxation
Why This Matters
This bill updates tax rules so that income from precious metals is treated the same as other investments. This change could encourage more investment in precious metals.
If you invest in precious metals through a regulated company, this bill could make your investments more profitable.
Who this affects
Regulated investment companies
What changes is this bill making?
1This bill allows regulated investment companies to earn income from precious metals.
2It changes the tax code to treat this income as qualifying income.
3The bill adds precious metals to the list of acceptable income sources.
4It applies to taxable years starting after the bill becomes law.
