Kansas Legislature creates state capital-gains tax exemption for gold and silver

By Tim Carpenter Kansas Reflector, Washington, D.C. Monday, April 13, 2026 TOPEKA, Kansas -- Republican state Sen. Michael Murphy sold the Kansas Legislature on granting investors in gold and silver an exemption from state capital gains tax by noting the insightful allegory about monetary policy woven into "The Wonderful Wizard of Oz." Murphy, who represents the Sylvia area near Hutchinson, fought the past three years as a member of the House and now the Senate to pass a bill declaring gold and silver coin or bullion to be legal tender in Kansas. Under House Bill 2515, forwarded to Gov. Laura Kelly, future transactions conducted with the two precious metals wouldn't be subject to the state income tax nor be subject to assessment of sales or property taxes. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy, Sell, or Store Precious Metals with Money Metals Exchange Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com -- https://www.moneymetals.com/news/2021/02/01/best-overall-precious-metals-dealer-002213 -- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals. Shop online with Money Metals Exchange here -- https://www.moneymetals.com/buy -- or by calling 1-800-800-1865. Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost: https://www.moneymetals.com/depository Comments from skeptical legislators about rewarding investors with the tax break prompted Murphy to delve into L. Frank Baum's story about a young Kansan swept away by a tornado to the Land of Oz. With her dog, Toto, she traveled with Scarecrow, Tin Man, and Cowardly Lion on the Yellow Brick Road. Children have been taught the book was a tale about an individual's bond with home, the value of friendship, and discovering inner strength. "Lots of people don't think about it, but that was written about monetary policy," Murphy said. ... ... For the remainder of the report: https://kansasreflector.com/2026/04/13/kansas-legislature-creates-state-capital-gains-tax-exemption-for-investors-in-gold-silver/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png