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Testimony in Defense of Sound Money in Maine | Tenth Amendment Center


AUGUSTA, Maine (June 1, 2021) – Jp Cortez of the Sound Money Defense League, submitted testimony in support of a bill that would exempt gold and silver bullion and coins from sales tax. The proposed law would relieve some of the tax burdens on investors, and it would also eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
Rep. Justin Fecteau (R-Augusta) introduced House Bill 1277 (LD1277) on March 25. The legislation would exempt both gold and silver bullion (bars) and coins from the state’s sales and use tax. ....

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Maine Bills Would Take Step Toward Treating Gold and Silver as Money


AUGUSTA, Maine (May 20, 2021) – Two bills introduced in the Maine House would exempt gold and silver bullion and coins from sales tax. The proposed law would relieve some of the tax burdens on investors, and it would also eliminate one barrier to using gold and silver in everyday transactions, a foundational step for people to undermine the Federal Reserve’s monopoly on money.
Rep. Justin Fecteau (R-Augusta) introduced House Bill 1277 (LD1277) on March 25. Rep. Richard Cebra (R-Naples) introduced House Bill 1371 (LD1371) on April 5. Though the language differs slightly, both bills would have the same effect exempting gold and silver bullion (bars) and coins from the state’s sales and use tax. ....

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