2025 Regular Session • Virginia Legislature
SB1321: Retail Sales and Use Tax; exempts gold, silver, or platinum bullion, extends sunset.
Legislative Summary
Retail sales and use tax; exemptions; gold, silver, or platinum bullion; sunset. Extends to June 30, 2032, the exemption from the retail sales and use tax for gold, silver, or platinum bullion and legal tender coins. The exemption is currently set to expire on June 30, 2025.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/10/2025
Prefiled and ordered printed; Offered 01-10-2025 25104776D
Senate
1/10/2025
Referred to Committee on Finance and Appropriations
Senate
1/10/2025
Introduced bill reprinted 25104776D
Senate
1/18/2025
Impact statement from TAX (SB1321)
Senate
2/5/2025
Left in Finance and Appropriations
Senate
Status Information
Current Status
Introduced(1/10/2025)
Chamber
Senate
Committee
Finance and Appropriations(Senate)
Sponsors
Republican: 1
Primary Sponsor
Timmy French
Republican