Maine Committee Approves Bill That Would Take Step Toward Treating Gold and Silver as Money
The legislation would exempt the sale of gold and silver coins and bullion from the state sales and use tax effective Jan. 1, 2024.
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The legislation would exempt the sale of gold and silver coins and bullion from the state sales and use tax effective Jan. 1, 2024.
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AUGUSTA, Maine (Apr 7, 2023) – On Monday a Maine committee issued a "divided report" on a bill that would require the governor to stop unconstitutional foreign combat deployments of the state’s National Guard troops, sending it to the House and Senate for further consideration. Passage into law would take a big step toward restoring
The legislation would make gold and silver in coin or bar form legal tender for all transactions as long as the buyer and seller agree as to the fair market value of the metal. The bill would also exempt the sale of gold and silver legal tender from the state sales and use tax.