Maine LD372: An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax

What the bill says

An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax" Amend the bill in section 1 in subsection 116 in the first blocked paragraph in the 2nd line (page 1, line 6 in L.D.) by inserting after the following: "valued" the following: 'primarily' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 1188 This amendment specifies that the exemption applies to coins, bars or rounds that are 1199 valued primarily by their weight, purity and content. 2200 FISCA.

From the introduced text:

An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax" Amend the bill in section 1 in subsection 116 in the first blocked paragraph in the 2nd line (page 1, line 6 in L.D.) by inserting after the following: "valued" the following: 'primarily' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 1188 This amendment specifies that the exemption applies to coins, bars or rounds that are 1199 valued primarily by their weight, purity and content. 2200 FISCAL NOTE REQUIRED 2211 (See attached) Page 1 - 132LR0776(02) COMMITTEE AMENDMENT

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Sponsors

• Marianne Moore (R, 6) · primary sponsor
• David Boyer (R, 87)
• Aaron Dana (D, 64)
• Randall Greenwood (R, 56)
• Laurel Libby (R, 90)
• McIntyre, Mathew (R, 18)