Bill
Bill > HB5129
MI HB5129
MI HB5129Sales tax: exemptions; exemptions for the sale of investment coins and bullion; modify. Amends sec. 4s of 1933 PA 167 (MCL 205.54s). TIE BAR WITH: HB 5130'25, HB 5129'25
summary
Introduced
10/23/2025
10/23/2025
In Committee
10/23/2025
10/23/2025
Crossed Over
Passed
Dead
Introduced Session
103rd Legislature
Bill Summary
A bill to amend 1933 PA 167, entitled"General sales tax act,"by amending section 4s (MCL 205.54s), as amended by 2004 PA 173.
AI Summary
This bill modifies the existing sales tax law to expand the definition of bullion and clarify sales tax exemptions for investment coins and bullion. Currently, sales of investment coins and bullion are exempt from sales tax. The bill adds a new provision that, starting January 1, 2026, will include leaf, foil, or film of gold, silver, or platinum as bullion if it contains at least 50% metal content and is used as currency (but not as legal tender issued by the U.S. or foreign governments). The definition of "investment coins" remains unchanged, referring to numismatic coins or other forms of money made from precious metals that have a fair market value higher than their face value. The bill is tied to two other House Bills (HB 5130 and HB 5129), meaning it will only take effect if those companion bills are also enacted into law. The modification aims to provide clearer guidelines on what constitutes tax-exempt bullion and investment coins.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Bill Electronically Reproduced 10/23/2025 (on 10/28/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-5129 |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/House/htm/2025-HIB-5129.htm |
Loading...