Maryland HB729 exempts sales of precious metal bullion or coins from sales and use tax.

Maryland HB729 amends the sales and use tax exemption for precious metal bullion or coins by repealing the requirement that the sale price exceed $1,000 and the sale occur at the Baltimore Convention Center. This bill redefines "precious metal bullion or coins" to include any precious metal refined and valued based on its metal content, excluding jewelry or art. The sales and use tax no longer applies to these items, effective July 1, 2026.

Maryland HB729 exempts sales of precious metal bullion or coins from sales and use tax.

Maryland HB729 amends the sales and use tax exemption for precious metal bullion or coins by repealing the requirement that the sale price exceed $1,000 and the sale occur at the Baltimore Convention Center. This bill redefines "precious metal bullion or coins" to include any precious metal refined and valued based on its metal content, excluding jewelry or art. The sales and use tax no longer applies to these items, effective July 1, 2026.