Bill Summary
HB26-1289 is a broader tax policy bill that includes a provision to repeal the current sales and use tax exemption for precious metal bullion and bullion coins. The repeal is set to take effect January 1, 2027 unless the bill is amended.
What it does
- Colorado currently exempts bullion from sales tax.
- HB26-1289 would repeal that exemption for bullion and bullion coins.
- This creates a new sales tax on investment-grade gold and silver.
- It impacts retirees, savers, and anyone hedging inflation.
- Sets the repeal to begin on January 1, 2027 if enacted.
Why it matters
- Gold and silver are investment vehicles, like stocks or bonds.
- Colorado does not charge sales tax on stocks.
- Taxing bullion punishes people protecting purchasing power.
- It disproportionately affects the middle class and retirees.
- Investments are already taxed on sale; this adds a tax on purchase.
Key Details
Bill number
HB26-1289 — Modification of Certain Tax Expenditures.
Current status
Introduced in the House and assigned to House Finance.
Primary sponsors
Rep. Kyle Brown, Rep. Lorena García, Sen. Mike Weissman.
Important dates
Next hearing: March 16, 2026 — House Finance (1:30 PM, HCR 0112).
Last updated: March 2, 2026.
Timeline
- Bill introduced: February 23, 2026.
- Committee hearing: March 16, 2026 — House Finance, 1:30 PM, HCR 0112.
- House/Senate vote: TBD.
- Governor action: TBD.
How to Take Action
Use the steps below to contact lawmakers, share the bill with your community, and stay informed.
Contact your legislators
Call, email, or send a message of support for keeping bullion tax free.
Find your legislatorsSubmit testimony
Provide short, factual testimony about why this matters to you.
Submit testimony bill pageShare resources
Share this page and the official bill summary with your network.
Read the bill summaryMain sponsors
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Rep. Lorena García
303-866-2964
lorena.garcia.house@coleg.gov -
Rep. Kyle Brown
303-866-2920
kyle.brown.house@coleg.gov -
Sen. Mike Weissman
303-866-4879
mike.weissman.senate@coleg.gov
House Finance Committee
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Chair: Steven Woodrow
303-866-2967
steven.woodrow.house@coleg.gov -
Vice Chair: Brianna Titone
303-866-2962
brianna.titone.house@coleg.gov -
Max Brooks
303-866-2948
max.brooks.house@coleg.gov -
Sean Camacho
303-866-2911
sean.camacho.house@coleg.gov -
Ken DeGraaf
303-866-2927
ken.degraaf.house@coleg.gov -
Ryan Gonzalez
303-866-2929
ryan.gonzalez.house@coleg.gov -
Anthony Hartsook
303-866-2933
anthony.hartsook.house@coleg.gov -
Bob Marshall
303-866-2936
bob.marshall.house@coleg.gov -
Rebekah Stewart
303-866-2951
rebekah.stewart.house@coleg.gov -
Yara Zokaie
303-866-4569
yara.zokaie.house@coleg.gov
Testimony sample
I am a Colorado resident and oppose repealing the sales tax exemption on gold and silver bullion. Investment assets such as stocks and bonds are not subject to sales tax. Bullion should be treated consistently. Repealing the exemption would unfairly burden savers and retirees and create unequal treatment among investment classes. I respectfully ask the committee to vote no.
Suggested talking points
- Sales taxes on bullion are taxes on savings.
- Colorado should stay competitive with tax-free states.
- Local businesses and investors benefit from predictable tax policy.
FAQ
Is this a new tax?
No. The bill looks to remove the current tax exemption. Without it, purchases of bullion will become taxable.
What metals are covered?
Typically gold, silver, platinum, and palladium bullion. Confirm exact definitions in the bill text.
How can I help quickly?
Contact your legislator and share the summary with two friends.
Map of Bullion Sales Tax in the U.S.
Snapshot: March 2026.
Stay Informed
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