Bill > HB500

This bill modifies the existing exemption from Maryland's sales and use tax for the purchase of precious metal bullion or coins by altering the definition of what qualifies as "precious metal bullion or coins" and removing specific conditions that previously limited the exemption. Previously, the exemption only applied if the sale price exceeded $1,000 and the transaction took place at the Baltimore Convention Center; this bill repeals those requirements, making the exemption applicable to a broader range of sales of precious metal bullion or coins, which are defined as refined precious metals whose value is primarily based on their metal content, or monetized coins or other forms of money made from precious metals that have been or are used as a medium of exchange, excluding jewelry or works of art.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0500?ys=2026RS