DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of
the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of
the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Hollis HB No. 682
Abstract: Removes the dollar value threshold for the sales and use tax exclusion for gold, silver, or
numismatic coins, or platinum, gold, or silver bullion.
Present law provides definitions for purposes of state and local sales and use taxes.
Present law defines "tangible personal property", and in such definition excludes from the tax base
gold, silver, or numismatic coins, or platinum, gold, or silver bullion having a total value of $1,000
or more.
Proposed law changes present law by removing the dollar value threshold for the sales and use tax
exclusion for gold, silver, or numismatic coins, or platinum, gold, or silver bullion.
(Amends R.S. 47:301(16)(b)(ii))