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LD190 • 2025

An Act to Exempt Certain Numismatic Transactions from State Sales Tax

An Act to Exempt Certain Numismatic Transactions from State Sales Tax

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Representative Paul Flynn
Last action
2025-02-25
Official status
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act to Exempt Certain Numismatic Transactions from State Sales Tax

An Act to Exempt Certain Numismatic Transactions from State Sales Tax Sponsor: Representative Paul Flynn Reference committee: Taxation Latest committee action: Reported Out; LTW

What This Bill Does

  • An Act to Exempt Certain Numismatic Transactions from State Sales Tax Sponsor: Representative Paul Flynn Reference committee: Taxation Latest committee action: Reported Out; LTW

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-02-25 Senate

    Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)

  2. 2025-02-11 Committee

    LTW Approved by Chairs; LTW

  3. 2025-02-11 Committee

    Reported Out; LTW

  4. 2025-01-14 House

    Committee on Taxation suggested and ordered printed. The Bill was REFERRED to the Committee on TAXATION . Sent for concurrence. ORDERED SENT FORTHWITH.

  5. 2025-01-14 Committee

    Referred to Committee on Taxation.

Official Summary Text

An Act to Exempt Certain Numismatic Transactions from State Sales Tax
Sponsor:
Representative Paul Flynn
Reference committee:
Taxation
Latest committee action:
Reported Out; LTW

Current Bill Text

Read the full stored bill text 
Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 190
H.P. 123 House of Representatives, January 14, 2025
An Act to Exempt Certain Numismatic Transactions from State
Sales Tax
Reference to the Committee on Taxation suggested and ordered printed.
ROBERT B. HUNT
Clerk
Presented by Representative FLYNN of Albion.

Page 1 - 132LR0508(01)
1Be it enacted by the People of the State of Maine as follows:
2Sec. 1. 36 MRSA §1760, sub-§116 is enacted to read:
3116. Coins with numismatic value. Beginning January 1, 2026, sales of coins with
4 numismatic value, including gold and silver coins but excluding bullion.
5SUMMARY
6 This bill, beginning January 1, 2026, makes all sales of coins with numismatic value,
7 including gold and silver coins but excluding bullion, exempt from state sales tax.
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