"As of 2013, Texas does not charge sales tax on precious metals purchases of any amount."
The United States Constitution which states in Article I, Section 10, "No state shall...make anything Thing but gold and silver Coin a Tender in Payment of Debts."
Texas has not yet reaffirmed its constitutional duty to treat gold and silver as tender for payment of debt as Oklahoma and Utah did with the recent passage of SB 862 and HB 157, respectively.
In June of 2015, Texas Governor Greg Abbott signed House Bill 483 into law. House Bill 483 "allows for the nation's first state bullion depository to be established in Texas under the supervision of the state's comptroller's office." Abbott says: "with the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state."
Unfortunately, like every other state in the union, Texas does not hold any of its reserves in gold and silver.
The Texas Teacher Retirement Fund and the University of Texas own nearly $1 billion in physical gold.
I agree. Here's what Texas does have: https://www.soundmoneydefense.org/gold-silver-laws-texas
"As of 2013, Texas does not charge sales tax on precious metals purchases of any amount."
The United States Constitution which states in Article I, Section 10, "No state shall...make anything Thing but gold and silver Coin a Tender in Payment of Debts."
Texas has not yet reaffirmed its constitutional duty to treat gold and silver as tender for payment of debt as Oklahoma and Utah did with the recent passage of SB 862 and HB 157, respectively.
In June of 2015, Texas Governor Greg Abbott signed House Bill 483 into law. House Bill 483 "allows for the nation's first state bullion depository to be established in Texas under the supervision of the state's comptroller's office." Abbott says: "with the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state."
Unfortunately, like every other state in the union, Texas does not hold any of its reserves in gold and silver.
The Texas Teacher Retirement Fund and the University of Texas own nearly $1 billion in physical gold.