gold

Business
7:35 am
Mon February 4, 2013

Repealing TN Precious Metal Sales Tax Could Create New Industry

Credit Wikimedia Commons

More gold bars could be headed to Tennessee if one Republican lawmaker from Rutherford County has his way. A bill introduced last week would repeal the state’s sales tax on precious metals. 

Gold investors range from savvy stockbrokers to seniors convinced by infomercials that precious metals will keep them safe from economic calamity. If they just receive a certificate and keep the physical gold in a tax-free state, they can avoid the sales tax in Tennessee. 

Read more