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New Jersey governor pocket-vetoes unanimously passed bill to end sales tax on gold and silver
By JP Cortez
Money Metals News Service, Eagle, Idaho
Thursday, January 18, 2024
New Jersey Gov. Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.
Bill A5294 / S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single "no" vote. This popular bill had more than a dozen co-sponsors and had unanimous approval in each legislative chamber. Despite this Gov. Murphy chose not to enact the bill into law through the use of a pocket veto.
According to Bloomberg, "a pocket veto only applies to bills that passed in the last 10 days of a two-year legislative session, and is the only kind of veto in which the governor doesn't return the bill to the legislature for a possible override."
Alabama, Tennessee, Virginia, Mississippi, and Ohio have all recently enacted legislation to exempt gold and silver from state sales tax, or extend their existing exemption on the metals. In total 43 states have ended sales tax on gold and silver -- including all three of New Jersey's neighboring states. ...
... For the remainder of the report:
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Guanajuato Silver Commences Processing
Third-Party Gold and Silver at El Cubo
Company Announcement
Wednesday, January 17, 2024
VANCOUVER, British Columbia, Canada -- Guanajuato Silver Company Ltd. (TSXV:GSVR) (OTCQX:GSVRF) announces commencement of a relationship with a Mexican silver mining company to process a portion of its surface inventory of mineralized material at Guanajuato Silver's wholly owned El Cubo mines complex in Guanajuato, Mexico.
Guanajuato Silver's chairman and chief executive officer, James Anderson, said: "We are excited to have reached this agreement, which will use a considerable amount of the excess capacity that exists at our El Cubo mill. We believe both parties will benefit from this agreement, as we collectively look to expand silver production in the Guanajuato area through the processing of low-cost and readily available material.
"With additional unutilized capacity still available at El Cubo, we continue to pursue similar business agreements with other mining groups in the area." ...
... For the remainder of the announcement:
https://gsilver.com/news/2024/
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