---
type: "Bill"
title: "Precious Metal Bullion, exchange excludes net gain from gross income, grants net capital loss deduction from gross income"
description: "Taxation & Revenue"
jurisdiction: "us/states/al"
legislature: "Alabama Legislature"
session: "2024rs"
identifier: "SB 297"
citation: "Alabama SB 297 (2024rs)"
classification: ["bill"]
subjects: ["Taxation & Revenue"]
status: "enacted"
primary_sponsors: ["Tim Melson"]
version_count: 5
action_count: 25
vote_count: 5
first_action: "2024-04-04T04:00:00+00:00"
last_action: "2024-05-20T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/cd11f4ab-582b-4cae-9a65-7af19f179bb2"
source_url: "https://alison.legislature.state.al.us/bill-search"
source_hash: "cc9e0b10730b0b72f80aa36ad55e3375a5a4db84b7f46df85585304734a98bba"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-al"]
---

# Alabama SB 297 (2024rs) — Precious Metal Bullion, exchange excludes net gain from gross income, grants net capital loss deduction from gross income

Taxation & Revenue

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2024RS/SB297-int.pdf)
2. **Act 2024-447** (committee substitute) — [source](http://arc-sos.state.al.us/ucp/L1551748.AI1.pdf)
3. **Amendment VXCJLVP-1** (committee substitute) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2024RS/VXCJLVP-1.pdf)
4. **Engrossed** (committee substitute) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2024RS/SB297-eng.pdf)
5. **Enrolled** (enrolled) — [source](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2024RS/SB297-enr.pdf)

## Votes

- Roll of the S for Vote 858 on SB297 (2024 Regular Session) — **34–0** (pass) · upper
- Roll of the S for Vote 859 on SB297 (2024 Regular Session) — **34–0** (pass) · upper
- Roll of the S for Vote 857 on SB297 (2024 Regular Session) — **34–0** (pass) · upper
- Roll of the H for Vote 1123 on SB297 (2024 Regular Session) — **100–1** (fail) · lower
- Roll of the H for Vote 1122 on SB297 (2024 Regular Session) — **100–0** (pass) · lower

## Sponsors

- Tim Melson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-05-20T04:00:00+00:00** Enacted `became-law`
- **2024-05-07T04:00:00+00:00** Delivered to Governor `executive-receipt`
- **2024-05-07T04:00:00+00:00** Signature Requested
- **2024-05-07T04:00:00+00:00** Enrolled
- **2024-05-07T04:00:00+00:00** Ready to Enroll
- **2024-05-07T04:00:00+00:00** Motion to Read a Third Time and Pass - Adopted Roll Call 1123 `passage`
- **2024-05-07T04:00:00+00:00** Third Reading in Second House
- **2024-05-02T04:00:00+00:00** Read for the Second Time and placed on the Calendar (Ways and Means Education)
- **2024-05-01T04:00:00+00:00** Reported Out of Committee Second House
- **2024-04-30T04:00:00+00:00** Pending Committee Action in Second House (Ways and Means Education)
- **2024-04-30T04:00:00+00:00** Read for the first time and referred to the House Committee on Ways and Means Education `reading-1, referral-committee`
- **2024-04-30T04:00:00+00:00** Engrossed
- **2024-04-30T04:00:00+00:00** Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 859 `passage`
- **2024-04-30T04:00:00+00:00** Melson motion to Adopt - Adopted Roll Call 858
- **2024-04-30T04:00:00+00:00** Finance and Taxation Education 1st Substitute Offered (Finance and Taxation Education) `amendment-introduction`
- **2024-04-30T04:00:00+00:00** Third Reading in House of Origin
- **2024-04-25T04:00:00+00:00** Read for the Second Time and placed on the Calendar (Finance and Taxation Education)
- **2024-04-24T04:00:00+00:00** Reported Out of Committee House of Origin
- **2024-04-24T04:00:00+00:00** Finance and Taxation Education 1st Substitute (Finance and Taxation Education)
- **2024-04-18T04:00:00+00:00** Re-referred to Committee in House of Origin (Finance and Taxation Education) `referral-committee`
- **2024-04-18T04:00:00+00:00** Read for the Second Time and placed on the Calendar (Finance and Taxation General Fund)
- **2024-04-18T04:00:00+00:00** Reported Out of Committee House of Origin
- **2024-04-04T04:00:00+00:00** Pending Committee Action in House of Origin (Finance and Taxation General Fund)
- **2024-04-04T04:00:00+00:00** Read for the first time and referred to the Senate Committee on Finance and Taxation General Fund `reading-1, referral-committee`
- **2024-05-17T19:10:00+00:00** Enacted as 2024-447 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cd11f4ab-582b-4cae-9a65-7af19f179bb2`. Confidence: reported (aggregated from official Alabama legislature records).