Bill > HB729

This bill expands an existing exemption from Maryland's sales and use tax, which is a tax on the purchase of goods and services, for the sale of precious metal bullion or coins. Specifically, it alters the definition of what qualifies as "precious metal bullion or coins" to include monetized bullion, coins, or other forms of money manufactured from precious metals that are or have been used as a medium of exchange, excluding jewelry or works of art. Crucially, the bill removes previous restrictions that required the sale price to exceed $1,000 and for the sale to take place at the Baltimore Convention Center, thereby making the exemption applicable to a broader range of precious metal transactions.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0729?ys=2026RS