Niamh Harris – Nebraska has become the 12th US state to end capital gains taxes on sales of gold and silver.
Governor Jim Pillens signed bill LB 1317 making it the fourth major sound money bill to become law this year, as state lawmakers across the US scramble to protect the public from the ravages of inflation and runaway federal debt.
With Gov. Jim Pillen’s signature last night, Nebraska has become the 12th state to end capital gains taxes on sales of gold and silver.
LB 1317 is the 4th major sound money bill to become law this year, thanks to @BenWHansen for carrying the measure.https://t.co/pVTHdOccOs https://t.co/KIyGbWyko6
— Jp Cortez (@JpCortez27) April 25, 2024
Mises Institute reports: Under the new Nebraska law, any “gains” or “losses” on precious metal sales reported on federal income tax returns are backed out, thereby removing them from the calculation of a Nebraska taxpayer’s adjusted gross income (AGI). Continue reading