Bill > LD190

This bill adds a new exemption to Maine's state sales tax law, specifically targeting coins with numismatic value. Starting January 1, 2026, sales of coins that have collectible or historical value beyond their metal content will be exempt from sales tax. This includes gold and silver coins that are considered collectible due to their rarity, condition, historical significance, or design, but explicitly excludes bullion, which are coins or bars valued primarily for their metal weight and purity. The exemption will be added to section 36 MRSA §1760, which lists various sales tax exemptions in Maine. By creating this exemption, the bill aims to encourage coin collecting and potentially support numismatic hobbyists and collectors by reducing the tax burden on these specialized transactions.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=190&snum=132