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NY Senate Democrats seek to reinstate sales tax on precious metal bullion.
New York Senate Democrats are seeking to reinstate a sales tax on precious metal bullion, arguing the current tax exemption costs the state roughly $600 million annually.
However, local dealers warn the tax would hurt their low-margin businesses and drive customers to neighboring states.
The proposal faces uncertainty as Governor Kathy Hochul has not signaled support.
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Los demócratas del Senado de Nueva York buscan restablecer el impuesto a las ventas de los lingotes de metal precioso.