Are you a citizen of Utah? Do you own or plan on owning gold, silver or platinum? Then you should be VERY concerned regarding recent efforts by the Utah Tax Restructuring Tax Force, headed by Representative Francis Gibson and Senator Lyle Hillyard to charge sales tax on many precious metals sold in the State of Utah.
Please go to this website to find your representatives. Call them directly and let them know your concern. You can also go to this website and submit a comment. You may use the following statement or use your own:
I am OPPOSED to the Tax Restructuring Policy Proposal as it seeks to repeal the sales tax exemption on certain gold, silver and platinum products. Taxing these items does not make sense and will force many locally owned businesses to downsize or close their doors. This move will also decrease the value of large amounts of precious metals held by Utah Citizens, as they will no longer be as easily traded.
You can also email each member of the task force directly.
Thank you for your time and your support!
Your friends at Monarch Coin