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2025 Session

Budget Amendments - HB1600 (Conference Report)

Extend Sunset on Bullion and Legal Tender Coins Exemption (language only)

Item 3-5.25 #1c

Item 3-5.25 #1c

Adjustments and Modifications to Tax Collections
Retail Sales and Use Tax Exemption for Bullion and Legal Tender Coins

Language
Page 665, after line 4, insert:

"3-5.25 RETAIL SALES AND USE TAX EXEMPTION FOR BULLION AND LEGAL TENDER COINS$0$0

Notwithstanding any other provision of law or regulation, the retail sales and use tax exemption provided for in subdivision 19 of § 58.1-609.1 of the Code of Virginia, applicable to gold, silver, or platinum bullion or legal tender coins shall remain in effect through July 1, 2026."



Explanation

(This amendment extends the sales and use tax exemption for bullion or legal tender coins through July 1, 2026, which currently is set to expire on July 1, 2025.)