Bill Text: NC H1232 | 2013-2014 | Regular Session | Amended

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Bill Title: Sales Tax Exemption for Certain Coins

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2014-06-30 - Ref To Com On Rules and Operations of the Senate [H1232 Detail]

Download: North_Carolina-2013-H1232-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2013

H                                                                                                                                                   2

HOUSE JOINT RESOLUTION 1232

Committee Substitute Favorable 6/25/14

 

Sponsors:
Referred to:

May 28, 2014

A JOINT RESOLUTION authorizing the legislative research commission to study whether to exempt sales of gold and silver coins produced by the united states mint from sales tax.

Whereas, all of the native gold minted in the United States prior to 1828 came from North Carolina; and

Whereas, Rutherford County played a significant role in gold production, with Rutherfordton having the distinction of operating the only private gold mint in the southeastern United States from the 1790s to the 1840s and producing the first gold dollar; and

Whereas, the United States government established a branch mint in Charlotte, which opened on July 27, 1837; and

Whereas, today, the $5 gold half eagle liberty coin, $2.50 gold quarter eagle liberty coin, and liberty head gold dollar coin produced at the Charlotte Mint are hard to find and are highly collectable; Now, therefore,

Be it resolved by the House of Representatives, the Senate concurring:

SECTION 1.  The Legislative Research Commission shall study whether to exempt sales of gold and silver coins produced by the United States Mint from sales tax. The Commission shall report its findings and recommendations, including any proposed legislative changes, to the 2015 Regular Session of the General Assembly.

SECTION 2.  This resolution is effective upon ratification.