Repeals tax preferences for gold bullion and modifies tax rates for prescription drug warehousing and self-service storage units.

This bill repeals tax preferences for gold bullion and modifies tax rates for prescription drug warehousing and self-service storage units. It removes the exclusion for sales of precious metal bullion and monetized bullion from the definition of "sale at wholesale" and "sale at retail." It also amends the tax rate for warehousing and reselling drugs for human use pursuant to a prescription. Additionally, it introduces a tax on the business of renting or leasing individual storage space at self-service storage facilities.

Repeals tax preferences for gold bullion and modifies tax rates for prescription drug warehousing and self-service storage units.

This bill repeals tax preferences for gold bullion and modifies tax rates for prescription drug warehousing and self-service storage units. It removes the exclusion for sales of precious metal bullion and monetized bullion from the definition of "sale at wholesale" and "sale at retail." It also amends the tax rate for warehousing and reselling drugs for human use pursuant to a prescription. Additionally, it introduces a tax on the business of renting or leasing individual storage space at self-service storage facilities.