ictaindiana

By Industry Council for Tangible Assets….
 

Indiana Governor Mike Pence (R) signed House Enrolled Act No. 1046–an Act concerning interim study committees–on April 15, 2015.

Be it enacted by the General Assembly of the State of Indiana:

SECTION 1. [EFFECTIVE JULY 1, 2015]

  • (a) The legislative council is urged to assign the following topics to an appropriate interim study committee during the 2015 interim:
    • (1) Whether transactions involving the sale of precious metals bullion or currency should be exempt from the state gross retail tax.
    • (2) Whether transactions involving the lease or rental of storage for precious metals bullion or currency should be exempt from the state gross retail tax.
  • (b) This SECTION expires December 31, 2015.

 

Indiana Governor Mike Pence (R)
Indiana Governor Mike Pence (R)

In-depth studies of important issues often are conducted by committees during interims because of the limited time that the legislature is in session. Most interim studies result in a report containing the committee’s findings and recommendations.

Since the House and Senate voted respectively 94-0 and 47-3 passing HB 1046, we are confident that an interim study would also result in a favorable report. Nevertheless, the special session will be closely monitored until it adjourns.

Your support is making these efforts a realization. Please contact Silver Towne COO Matt Lesher at (765) 584-7481 to learn how you may help.
 

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