Virginia · 2025 Regular Session · Bill
SB 1321: Retail Sales and Use Tax; exempts gold, silver, or platinum bullion, extends sunset.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 1321 is a bill introduced in the Virginia Senate on January 10, 2025. According to its official title, it concerns: Retail Sales and Use Tax; exempts gold, silver, or platinum bullion, extends sunset. Primary sponsor: Timmy French (Republican). Most recent recorded action (February 5, 2025): Left in Finance and Appropriations.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Retail sales and use tax; exemptions; gold, silver, or platinum bullion; sunset. Extends to June 30, 2032, the exemption from the retail sales and use tax for gold, silver, or platinum bullion and legal tender coins. The exemption is currently set to expire on June 30, 2025.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Timmy French | Primary sponsor | Republican | Senate | 1 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Left in Finance and Appropriations
- Impact statement from TAX (SB1321)
- Introduced bill reprinted 25104776D
- Referred to Committee on Finance and Appropriations
- Prefiled and ordered printed; Offered 01-10-2025 25104776D