Maryland SB309 exempts sales of precious metal bullion or coins from sales and use tax, removing prior price and location restrictions.

Maryland SB309 modifies the sales and use tax exemption for precious metal bullion or coins. The bill repeals the previous requirement that the sale price exceed $1,000 and that the sale occur at the Baltimore Convention Center. This change broadens the exemption to include all sales of precious metal bullion or coins, regardless of price or location. The bill takes effect July 1, 2026.

Maryland SB309 exempts sales of precious metal bullion or coins from sales and use tax, removing prior price and location restrictions.

Maryland SB309 modifies the sales and use tax exemption for precious metal bullion or coins. The bill repeals the previous requirement that the sale price exceed $1,000 and that the sale occur at the Baltimore Convention Center. This change broadens the exemption to include all sales of precious metal bullion or coins, regardless of price or location. The bill takes effect July 1, 2026.