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Capital gains tax break passes House
Got stocks, land or similar investments? The state House voted 35-25 Wednesday to give you a tax break when you sell those items.
Lawmakers: All that glitters shouldn’t be taxed
Arizona law says if someone invests in something, whether art, collectible cars or commercial real estate, and then sells it for more than the cost, that difference is subject to state income taxes. What HB2014 seeks to do is carve out an exception when people invest in gold and silver coins produced by the U.S. Mint.
Former Congressman Ron Paul champions gold and silver tax-break bill
Invoking claims of illegally printed paper money, the use of gold in the Bible and even foreign entanglements, former Congressman Ron Paul urged Arizona lawmakers Wednesday to let coin collectors and investors escape the state's capital gains tax.
