Precious Metals Parity Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 4
- Latest action
- Mar 12, 2025
What it does
The Precious Metals Parity Act would amend the Internal Revenue Code to treat income received by regulated investment companies from precious metals as qualifying income, similar to income from foreign currencies. This change would allow such companies to include precious metals income when meeting the diversification and income source requirements necessary to maintain their regulated investment company status under tax law. The amendment would apply to taxable years beginning after the date of enactment. The bill affects regulated investment companies that invest in precious metals and aims to provide parity in tax treatment between precious metals and foreign currencies for these…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.