The Precious Metals Parity Act would change tax rules for regulated investment companies, which are investment funds that must meet certain requirements to receive favorable tax treatment. Currently, these companies can count income from foreign currencies as "qualifying income" for tax purposes, but precious metals are not included in this category. The bill would amend the tax code to treat income from gold, silver, platinum, and palladium bullion the same way as foreign currency income, giving precious metals equal standing. This change would apply to investment companies' tax years beginning after the bill is enacted, with no specific funding or sunset date mentioned. The legislation was introduced in May 2026 with bipartisan support and referred to the House Ways and Means Committee.
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