Bill > SB309

This bill, effective July 1, 2026, expands an existing exemption from Maryland's sales and use tax for the purchase of precious metal bullion or coins by removing specific requirements that previously limited its application. Previously, this exemption only applied if the sale price of the precious metal bullion or coins exceeded $1,000 and the transaction took place at the Baltimore Convention Center. The bill removes these conditions, meaning that now any sale of precious metal bullion or coins, regardless of the sale price or location, will be exempt from sales and use tax. Precious metal bullion is defined as refined precious metal whose value is primarily based on its metal content, and precious metal coins are defined as monetized coins or other forms of money made from precious metals that are or have been used as a medium of exchange, excluding jewelry or works of art.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0309?ys=2026RS