Maryland legislation · 2026 Regular Session
Maryland HB500: Sales and Use Tax - Precious Metal Bullion or Coins - Exemption
Status: Signed into law, May 26, 2026
Altering eligibility for an exemption from the sales and use tax for the sale of precious metal bullion or coins by repealing a requirement that the sale occur at the Baltimore Convention Center.
What the bill says
An act concerning Sales and Use Tax - Precious Metal Bullion or Coins - Exemption FOR the purpose of altering the definition of "precious metal bullion or coins" for purposes of eligibility for an exemption from the sales and use tax for the sale of precious metal bullion or coins; expanding the exemption by repealing requirements a requirement that the sale price exceed a certain amount and the sale occur at the Baltimore Convention Center; and generally relating to a sales and use tax exemption for precious metal bullion and coins…
From the enrolled text, June 3, 2026:
AN ACT concerning Sales and Use Tax - Precious Metal Bullion or Coins - Exemption FOR the purpose of altering the definition of "precious metal bullion or coins" for purposes of eligibility for an exemption from the sales and use tax for the sale of precious metal bullion or coins; expanding the exemption by repealing requirements a requirement that the sale price exceed a certain amount and the sale occur at the Baltimore Convention Center; and generally relating to a sales and use tax exemption for precious metal bullion and coins. BY repealing and reenacting, with amendments, Article - Tax - General Section 11-214.1 Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Tax - General 11-214.1. (a) In this section: (1) "precious metal bullion or coins" means: (i) any precious metal that has gone through a refining process and is in a state or condition such that its value PRIMARILY depends on its precious metal content and not on its form; or (ii) except as provided in paragraph (2) of this subsection, monetized bullion, coins, or other forms of money and 2. are or have in the past been used as a medium of exchange under the …