Committee: Finance and Taxation EducationSponsor: Melson
Analyst: Jessica PerezDate: 03/10/2021


Senate Bill 218 as introduced would decrease potential receipts to the Education Trust Fund, State General Fund, county funds and municipal funds, by an undetermined amount, by extending the current sales and use tax exemption on bullion or money for an additional five years.

In addition, this bill clarifies that any person or company receiving the exemption provided by this bill is not required to file a report regarding this exemption with the Department of Revenue.

 Arthur Orr, Chairperson
Finance and Taxation Education