“Republican Gov. Jan Brewer vetoed a bill late Thursday that would have made Arizona the second state in the nation to recognize gold and silver as legal tender. Brewer said she shared concerns with the measure’s proponents about a declining dollar, but she said the proposal was sloppily put together and did not address basic issues such as how transactions usingprecious metals would be taxed. Brewer said it was unclear whether the state would have to exempt income tax related to a transaction involving precious metals under Senate Bill 1439. She said it could give businesses that buy and sell collectable coins an unfair tax advantage.”
http://news.yahoo.com/brewer-vetoes-bill-making-gold-015113547.html
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