SESSION OF 2019
SUPPLEMENTAL NOTE ON HOUSE BILL NO. 2093
As Recommended by House Committee on
Taxation

Brief*
HB 2093 would provide a sales tax exemption for all
sales of gold, silver, and numismatic coins; palladium,
platinum, gold, or silver bullion; and currency.

Background
The bill was introduced by the House Committee on
Taxation at the request of Representative Eplee.
During the hearing in the House Committee on February
6, the owner of Dean Schmidt Rare Coins and Atchison Rare
Coin Company appeared as a proponent, noting a number of
other states extend sales tax exemptions to sales of gold and
silver bullion. Written-only opponent testimony was submitted
by a representative of the Kansas Policy Institute. No neutral
testimony was provided.
According to the fiscal note provided by the Division of
the Budget, the Department of Revenue indicates the bill
would be expected to reduce FY 2020 receipts by about
$0.008 million. Of this amount, approximately $0.007 million
would be attributable to a reduction in State General Fund
receipts and $0.001 million would be attributable to a
reduction in State Highway Fund receipts. Any fiscal effect
associated with enactment of the bill is not reflected in The
FY 2020 Governor’s Budget Report.
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*Supplemental notes are prepared by the Legislative Research
Department and do not express legislative intent. The supplemental
note and fiscal note for this bill may be accessed on the Internet at
http://www.kslegislature.org


Statutes affected:
As introduced: 79-3606