as introduced - 90th Legislature (2017 - 2018) Posted on 01/13/2017 10:18am
A bill for an act
relating to taxation; sales and use; providing an exemption for bullion coin;
amending Minnesota Statutes 2016, section 297A.67, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 297A.67, is amended by adding a subdivision
to read:
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(a) Bullion coin as described in section 80G.01, subdivision 2,
are exempt.
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(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.
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This section is effective for sales and purchases made after June
30, 2017.
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