A new bill filed by State Rep. Mark Brody in the North Carolina House seeks to adjust state tax rules regarding investment coins and precious metal bullion, according to the North Carolina State House.
The bill, filed as HB 836 on April 8 during the 2025 regular session, was formally listed with the short title: ‘North Carolina Sound Money Act.’
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
In essence, this bill, known as the North Carolina Sound Money Act, allows taxpayers in North Carolina to deduct gains or losses from the disposition of investment coins and investment metal bullion from their adjusted gross income for state tax purposes, provided these are not already deducted in the federal tax calculation. Investment coins are defined as numismatic coins or other forms of money made of metal with fair market value exceeding their nominal value. Investment metal bullion refers to refined precious metals valued for their content rather than form, excluding metals fabricated for industrial or artistic purposes. Additionally, the bill recognizes such coins and bullion made of refined gold or silver and clearly marked with weight and purity as legal tender in the state, effective Oct. 1, 2025, but does not obligate anyone to accept them for debt payments. Section 1 is effective for tax years starting Jan. 1, 2025.
Of the two sponsors of this bill, Harry Warren proposed the most bills (24) during the 2025 regular session.
Bills in North Carolina follow a multi-step process before becoming law. A lawmaker starts by filing a bill, which is assigned to a committee for review. The bill must be read three times in each chamber. If one chamber changes the bill after the other passes it, both must agree on the final version. Once both chambers approve the same bill, it goes to the governor, who has 10 days (or 30 if the legislature is not in session) to sign, veto, or let it become law without a signature.
You can read more about the bills and other measures here.
Brody graduated from Concordia University, Wisconsin with a BA.
Brody, a Republican, was elected to the North Carolina State House in 2013 to represent the state’s 55th House district, replacing previous state representative Frank McGuirt.
| Authors | Bill Number | Date Filed | Title |
|---|---|---|---|
| Mark Brody and Harry Warren | HB 836 | 04/08/2025 | North Carolina Sound Money Act. |
| Mark Brody, A. Reece Pyrtle, Jr., Brenden H. Jones, and Jeff Zenger | HB 831 | 04/08/2025 | Comm. Inspect. Efficiency Act. |
| Mark Brody, Carla D. Cunningham, Jeff Zenger, and Matthew Winslow | HB 765 | 04/03/2025 | Save the American Dream Act. |
| Mark Brody, Jeff Zenger, Matthew Winslow, and Tricia Ann Cotham | HB 768 | 04/03/2025 | Clarify Emerg. Comm. Exemptions/Fire Code. |
| Mark Brody, Carla D. Cunningham, Jeff Zenger, and John R. Bell, IV | HB 661 | 04/01/2025 | Building Industry Efficiency Act of 2025. |
| Mark Brody, David Willis, and Donnie Loftis | HB 591 | 03/31/2025 | Elec. Monitoring in Nursing/Adult Care Homes. |
| Mark Brody, Dennis Riddell, Jarrod Lowery, and Steve Tyson | HB 605 | 03/31/2025 | Definitions for Advanced Recycling. |
| Mark Brody, Allison A. Dahle, John R. Bell, IV, and Wyatt Gable | HB 520 | 03/25/2025 | Abuse and Deception by Telemarketers. |
| Mark Brody, Allison A. Dahle, Donnie Loftis, and Howard Penny, Jr. | HB 369 | 03/11/2025 | Parking Lot Reform and Modernization Act. |
| Mark Brody, Dennis Riddell, and Jeff Zenger | HB 376 | 03/11/2025 | Various On-Site Wastewater & Well Provisions. |
| Mark Brody, Dudley Greene, Howard Penny, Jr., and Karl E. Gillespie | HB 184 | 02/24/2025 | Promote North Carolina Sawmills. |
| Mark Brody, Grant L. Campbell, MD, Rodney D. Pierce, and Timothy Reeder, MD | HB 128 | 02/13/2025 | Establish Prostate Cancer Control Program. |
| Mark Brody, Dennis Riddell, Harry Warren, and Mary Belk | HB 99 | 02/11/2025 | Reflexologists Right to Work Act. |
| Mark Brody, Destin Hall, Mike Schietzelt, and Stephen M. Ross | HB 92 | 02/10/2025 | NC Digital Assets Investments Act. |
| Mark Brody, Brian Echevarria, Mike Clampitt, and Mitchell S. Setzer | HB 64 | 02/05/2025 | Const. Amend. – Gubernatorial Clemency. |
| Mark Brody, Harry Warren, Julia C. Howard, and Mitchell S. Setzer | HB 48 | 02/04/2025 | Increase UI Max Benefit/2025 UI Tax Credit. |
