Alabama Governor Kay Ivey signed a bill exempting capital gains from gold and silver sales from income tax.
Alabama Governor Kay Ivey signed a bill that removes income taxes on capital gains from the sale of gold and silver, joining 12 other states in protecting citizens from inflation, currency debasement, and federal debt. Senate Bill 297 excludes profits and losses from precious metals sales from Alabama taxpayers' adjusted gross income, shielding them from punitive taxation on currency transactions.
May 20, 2024
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