[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5427 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5427

   To provide that no tax or fee may be imposed on certain coins and 
                                bullion.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 2008

   Mr. Paul introduced the following bill; which was referred to the 
 Committee on Ways and Means, and in addition to the Committee on the 
 Judiciary, for a period to be subsequently determined by the Speaker, 
 in each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
   To provide that no tax or fee may be imposed on certain coins and 
                                bullion.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax-Free Gold Act of 2008''.

SEC. 2. NO TAX ON CERTAIN COINS AND BULLION.

    (a) In General.--Notwithstanding any other provision of law--
            (1) no tax may be imposed on (or with respect to the sale, 
        exchange, or other disposition of) any coin, medal, token, or 
        gold, silver, platinum, palladium, or rhodium bullion, whether 
        issued by a State, the United States, a foreign government, or 
        any other person, and
            (2) no State may assess any tax or fee on any currency, or 
        any other monetary instrument, which is used in the transaction 
        of interstate commerce or commerce with a foreign country, and 
        which is subject to the enjoyment of legal tender status under 
        article I, section 10 of the United States Constitution.
    (b) Effective Date.--This section shall take effect on December 31, 
2008, but shall not apply to taxes or fees imposed before such date.
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