Nevada AB359 proposes exempting sales of certain coins, currency, and bullion from sales and use taxes if approved by voters.

Nevada AB359 proposes to amend the Sales and Use Tax Act of 1955 to exempt sales of coins, currency, and bullion from sales and use taxes. This exemption applies to items made from gold, silver, platinum, palladium, or other materials, used solely as legal tender, security, or commodity, and sold primarily for their intrinsic value. The amendment would be submitted to voters at the General Election on November 3, 2026. If approved, the exemption would take effect on January 1, 2027, and expire on December 31, 2050.

Nevada AB359 proposes exempting sales of certain coins, currency, and bullion from sales and use taxes if approved by voters.

Nevada AB359 proposes to amend the Sales and Use Tax Act of 1955 to exempt sales of coins, currency, and bullion from sales and use taxes. This exemption applies to items made from gold, silver, platinum, palladium, or other materials, used solely as legal tender, security, or commodity, and sold primarily for their intrinsic value. The amendment would be submitted to voters at the General Election on November 3, 2026. If approved, the exemption would take effect on January 1, 2027, and expire on December 31, 2050.