Tennessee § 67-6-350 Coins, currency, and bullion

Tennessee Statutes

§ 67-6-350 — Coins, currency, and bullion

There is exempt from the tax imposed by this chapter the sale of all coins, currency, and bullion that are:

(1)Manufactured in whole or in part from gold, silver, platinum, palladium, or other material;

(2)Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and (3) Sold based primarily on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange.

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There is exempt from the tax imposed by this chapter the sale of all coins, currency, and bullion that are: (1) Manufactured in whole or in part from gold, silver, platinum, palladium, or other material; (2) Used solely as legal tender, security, or commodity in this or another state, the United States, or a foreign nation; and (3) Sold based primarily on their intrinsic value as precious material or collectible items rather than their representative value as a medium of exchange.

Tennessee § 67-6-350 (Coins, currency, and bullion) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.