S 989
Precious Metals Parity Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:35 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Precious Metals Parity Act aims to change how the IRS treats income earned by investment companies from investments in precious metals like gold and silver. Currently, these investment companies are treated differently than those earning income from other assets. This bill would equalize the tax treatment, ensuring that income from precious metals is considered ‘qualifying income’ under existing tax laws. This change would affect how these investment companies report and pay taxes on their holdings.
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