Minnesota bill HF881 expands sales and use tax exemption to include precious metal coins and currency.
Minnesota bill HF881 amends the sales and use tax exemption to include precious metal coins and currency, alongside bullion. This change applies to coins and currency made of gold, silver, platinum, palladium, or rhodium, and those used as legal tender. The exemption does not cover jewelry, works of art, or scrap metal. This bill aims to align the tax treatment of precious metal bullion with that of coins and currency. Effective for sales and purchases made after June 30, 2025.
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