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Bill > LD1051
ME LD1051
ME LD1051An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax
summary
Introduced
03/07/2023
03/07/2023
In Committee
03/07/2023
03/07/2023
Crossed Over
05/16/2023
05/16/2023
Passed
05/18/2023
05/18/2023
Dead
05/25/2023
05/25/2023
Introduced Session
Potential new amendment
131st Legislature
Bill Summary
This bill provides a sales and use tax exemption for sales of gold and silver coins and bullion.
AI Summary
This bill provides a sales and use tax exemption for the sale of gold and silver coins and bullion starting on January 1, 2024. This is intended to protect Maine residents from the effects of inflation by making it easier for them to invest in precious metals as a hedge against rising prices.
Committee Categories
Budget and Finance
Sponsors (13)
Eric Brakey (R)*,
John Andrews (R),
David Boyer (R),
Randall Greenwood (R),
Stacey Guerin (R),
Jim Libby (R),
Laurel Libby (R),
Marianne Moore (R),
Shelley Rudnicki (R),
Tammy Schmersal-Burgess (R),
Trey Stewart (R),
Jim White (R),
Stephen Wood (R),
Last Action
Died Between Houses, May 25, 2023 (on 05/25/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1051&snum=131 | 03/06/2023 |
| Senate: C-A (S-71) | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0420&item=2&snum=131 | 05/18/2023 |
| Fiscal Note: C-A (S-71) | https://legislature.maine.gov/legis/bills/bills_131st/fiscalpdfs/FN105102.pdf | 05/18/2023 |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0420&item=1&snum=131 | 03/06/2023 |
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