Modifies Michigan's use tax exemption for investment coins and bullion to include certain forms of gold, silver, and platinum.

The bill amends Michigan's use tax exemption for investment coins and bullion. It updates the definition of "bullion" to include gold, silver, or platinum in leaf, foil, or film form with a metallic content of 50% or more, excluding any transparent polymer holder, coating, or encasement. This change takes effect on January 1, 2026. The bill also specifies that bullion must have a purity of at least 900 parts per 1,000 and that the exemption does not apply to legal tender issued by the United States government or a foreign government.

Modifies Michigan's use tax exemption for investment coins and bullion to include certain forms of gold, silver, and platinum.

The bill amends Michigan's use tax exemption for investment coins and bullion. It updates the definition of "bullion" to include gold, silver, or platinum in leaf, foil, or film form with a metallic content of 50% or more, excluding any transparent polymer holder, coating, or encasement. This change takes effect on January 1, 2026. The bill also specifies that bullion must have a purity of at least 900 parts per 1,000 and that the exemption does not apply to legal tender issued by the United States government or a foreign government.