Bill

Bill > LD1371


ME LD1371

ME LD1371
An Act To Exempt Gold and Silver Transactions from State Sales and Use Tax


summary

Introduced
04/05/2021
In Committee
04/05/2021
Crossed Over
Passed
Dead
06/07/2021

Introduced Session

130th Legislature

Bill Summary

This bill exempts from state sales and use taxes the sale of gold and silver, including coins with gold or silver content and refined gold or silver bullion coined, stamped or imprinted with its weight and purity and the value of which is based primarily on its metal content and not its form.

AI Summary

This bill exempts from state sales and use taxes the sale of gold and silver, including coins with gold or silver content and refined gold or silver bullion that is coined, stamped, or imprinted with its weight and purity, where the value is based primarily on its metal content and not its form. The exemption begins on January 1, 2022.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Placed in Legislative Files (DEAD) (on 06/07/2021)

bill text


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