Coins, bullion, and legal tender

Sec. 47. Transactions involving the sale of or the lease or rental of storage for: (1) coins that are permitted investments by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m); (2) bullion that would be a permitted investment by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m) if the bullion was in the physical possession of a trustee; or (3) legal tender; are exempt from the state gross retail tax. As added by P.L.195-2016, SEC.1. Amended by P.L.239-2017, SEC.9.