Section 1 Short title
This Act may be cited as the “Precious Metals Parity Act”.
Precious Metals Parity Act
A BILL
To amend the Internal Revenue Code of 1986 to provide that income received by a regulated investment company from precious metals shall be treated as qualifying income.
Sec. 2 Treatment of income received by regulated investment companies from precious metals
by striking “or foreign currencies” and inserting “, foreign currencies, or precious metals,”, and
by striking “or currencies” and inserting “currencies, or precious metals”.
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.