The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Leonore Heavey.
DIGEST
SB 31 Original 2017 Regular Session Morrell
Present law defines tangible personal property for purposes of taxation and provides that tangible
personal property does not include gold, silver, or numismatic coins, or platinum, gold, or silver
bullion.
Proposed law retains present law but requires that coins be valued only based on their precious metal
content in order to be excluded from the definition of tangible personal property.
Effective July 1, 2017.
(Amends R.S. 47:301(16)(b)(ii))