Thursday morning on The Tennessee Star Report, host Leahy welcomed J. P. Cortez, Policy Director for the Sound Money Defense League to the newsmaker line to talk about their mission and Tennessee’s recent decision to stop taxing the purchase of gold and silver.
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Tennessee Governor Bill Lee signed legislation that will repeal the tax on gold and silver sales in the state.
House Bill 1874, which was overwhelmingly passed by the state legislature during their session, will allow residents to purchase the metals without the added costs.
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The General Assembly passed HB 2213, Delegate Elizabeth Guzman’s (D-Prince William) bill to create a work group of scientists, local representatives, activists and state officials to study the impacts of gold mining. Although the bill originally included a two-year moratorium on permits for new gold mines bigger than 10 acres, the Senate removed that clause before passing the bill Tuesday 23 to 16. The House passed the amended version Thursday 56 to 43, sending it to the Governor for final approval.
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Buckingham County officials discovered Canadian mining company Aston Bay Holdings sample drilling in parts of the region for gold deposits, in violation of zoning requirements, according to minutes from a planning commission meeting. After stopping the company in June from continuing its exploration, Buckingham officials have been holding meetings and public hearings to decide whether or not to allow Aston Bay Holdings to continue its core drilling. The issue is the latest conflict of environmentalists and mineral extraction businesses fighting for local support in Virginia.
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