GREEN SHEET REDIGEST
HB 396 2017 Regular Session Dwight
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
TAX/SALES-USE, ST-EXEMPT: Provides for the effectiveness and applicability of
the state sales and use tax exclusion for sales of gold, silver, or numismatic coins, and
platinum, gold, or silver bullion.
DIGEST
Present law imposes state sales and use taxes on the sale, use, lease, or rental of tangible
personal property pursuant to the following levies:
R.S. 47:302 - 2% tax
R.S. 47:321 - 1% tax
R.S. 47:321.1 - 1% tax
R.S. 47:331 - 0.97% tax
R.S. 51:1286 - .03% tax (LA Tourism and Promotion District)
Present law provides for exemptions and exclusions to state sales and use taxes. Further,
present law provides for the applicability and effectiveness of certain exclusions and
exemptions from the taxes imposed under R.S. 47:302 and 321.1 for the time between July
1, 2016, and June 30, 2018.
Present law provides for an exclusion from state sales and use taxes imposed under R.S.
47:302, 321, and 331, for the purchase of gold, silver, or numismatic coins, or gold, silver,
or platinum bullion. This exclusion in present law is not in effect for the state sales and use
taxes imposed under R.S. 47:302 and 321.1.
Proposed law changes present law for the exclusion for the sale or purchase of platinum,
gold, or silver bullion to include platinum, gold, or silver bullion, that is valued solely upon
its precious metal content, whether in coin or ingot form.
Proposed law changes present law for effectiveness and applicability of the exclusion for the
sale or purchase of platinum, gold, and silver bullion, that is valued solely upon its precious
metal content, or platinum bullion by providing that the exclusion is effective and applicable
against all state sales and use taxes beginning Oct. 1, 2017.
Proposed law changes present law for the exclusion for the sale or purchase of numismatic
coins by limiting the exclusion to coins that either have a sales price of $1,000 or less, or that
are sold at a national, statewide, or multi-parish numismatic trade show.
Proposed law further changes present law for the exclusion for the sale or purchase of
numismatic coins by making the exclusion effective and applicable against all state sales and
use taxes beginning Oct. 1, 2017.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 47:301(16)(b)(ii) and 302(AA)(intro para); Adds R.S. 47:302(AA)(29) and
321.1(F)(67))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Ways and Means to the
original bill:
Page 1 of 2
Prepared by James Benton. 1. Add a limitation on the exclusion for numismatic coins to those with a sales of
$1,000 or less, or that are sold at a trade show.
2. Change the exclusion for platinum, gold, and silver bullion to include silver
ingots and coins.
3. Change the effectiveness of proposed law for applicability for the exclusion for
coins from June 1, 2017, to Oct. 1, 2017.
4. Change the effectiveness of proposed law for applicability for the exclusion for
bullion from June 1, 2017, to Oct. 1, 2017.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Revenue and Fiscal Affairs
to the reengrossed bill
1. Makes technical changes.
2. Provides the measurement of platinum, gold, or silver bullion shall be its
precious metal content regardless of it being in coin or ingot form.
Page 2 of 2
Prepared by James Benton.