Senate finance committee advances bill to reinstate sales tax on gold bullion; sponsors cite hundreds of millions in foregone revenue Sponsors moved to restore sales tax on precious metal bullion, ending a 1989 exemption; fiscal staff estimated roughly $607 million in foregone revenue and members debated impacts on small collectors and cross‑border purchases before advancing the bill to the floor.

New York's Senate committee is taking a bold step to reinstate the sales tax on gold bullion, potentially reclaiming hundreds of millions in lost revenue, but what does this mean for small buyers and collectors?

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