Kansas Legislature creates state capital-gains tax exemption for investors in gold, silver

Kansas Legislature sends Gov. Laura Kelly a bill saying gold and silver coins or bullion are legal tender in Kansas and exempt from state capital-gains tax.

By: Tim Carpenter

Outlets: Kansas Reflector

Published: April 13, 2026

Words: 663

Last Updated: 3 months, 2 weeks ago

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TOPEKA — Republican 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 …

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