Vermont H0711 proposes a sales tax exemption for precious metals bought for investment.

Vermont H0711 seeks to amend the sales and use tax by exempting precious metal bullion or coins purchased for investment. This includes gold or silver that has undergone a refining process, with value primarily determined by its precious metal content. The exemption does not apply to jewelry, works of art, or precious metals used for industrial, professional, or artistic purposes. The bill aims to promote investment in gold and silver and is set to take effect on July 1, 2026.

Vermont H0711 proposes a sales tax exemption for precious metals bought for investment.

Vermont H0711 seeks to amend the sales and use tax by exempting precious metal bullion or coins purchased for investment. This includes gold or silver that has undergone a refining process, with value primarily determined by its precious metal content. The exemption does not apply to jewelry, works of art, or precious metals used for industrial, professional, or artistic purposes. The bill aims to promote investment in gold and silver and is set to take effect on July 1, 2026.