Maryland HB500 exempts sales of precious metal bullion or coins from sales and use tax, removing prior price and location requirements.

Maryland HB500 amends the definition of "precious metal bullion or coins" to exclude jewelry and works of art, and removes the previous sales and use tax exemption requirements that sales must exceed $1,000 and occur at the Baltimore Convention Center. This change broadens the exemption to include all sales of precious metal bullion or coins, effective July 1, 2026.

Maryland HB500 exempts sales of precious metal bullion or coins from sales and use tax, removing prior price and location requirements.

Maryland HB500 amends the definition of "precious metal bullion or coins" to exclude jewelry and works of art, and removes the previous sales and use tax exemption requirements that sales must exceed $1,000 and occur at the Baltimore Convention Center. This change broadens the exemption to include all sales of precious metal bullion or coins, effective July 1, 2026.