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LD372 • 2025

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

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

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Senator Marianne Moore
Last action
2025-06-16
Official status
On motion by Senator DUSON of Cumberland Senate INSISTED to ACCEPTANCE of The Majority Ought to Pass As Amended by Committee Amendment "A" (S-353) Report and PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-353) In NON-CONCURRENCE Sent down for concurrence
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 Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax

An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax Sponsor: Senator Marianne Moore Reference committee: Taxation Latest committee action: Reported Out; OTP-AM/ONTP

What This Bill Does

  • An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax Sponsor: Senator Marianne Moore Reference committee: Taxation Latest committee action: Reported Out; OTP-AM/ONTP

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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Adopted by Senate

Plain English: Page 1 - 132LR0776(02) COMMITTEE AMENDMENT 1 L.D.

  • Page 1 - 132LR0776(02) COMMITTEE AMENDMENT 1 L.D.
  • 372 2 Date: (Filing No.
  • S- ) 3TAXATION 4 Reproduced and distributed under the direction of the Secretary of the Senate.
  • 5STATE OF MAINE 6SENATE 7132ND LEGISLATURE 8FIRST SPECIAL SESSION 9 COMMITTEE AMENDMENT “ ” to S.P.

Bill History

  1. 2025-06-16 House

    Speaker FECTEAU of Biddeford MOVED to INSIST . Representative FAULKINGHAM of Winter Harbor REQUESTED a Roll Call. More than one-fifth of the members present expressed a desire for a roll call, which was ORDERED . Motion of Representative GREENWOOD of Wales to RECEDE and CONCUR to ACCEPTANCE of the Majority Ought to Pass as Amended Report and PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (S-353) FAILED . ROLL CALL NO. 507 (Yeas 68 - Nays 72 - Absent 9 - Excused 2) Representative FAULKINGHAM of Winter Harbor WITHDREW his REQUEST for a Roll Call. Subsequently, the House INSISTED on ACCEPTANCE of the Minority Ought Not to Pass Report. ORDERED SENT FORTHWITH. Placed in the Legislative Files. ( DEAD )

  2. 2025-06-13 Senate

    On motion by Senator DUSON of Cumberland Senate INSISTED to ACCEPTANCE of The Majority Ought to Pass As Amended by Committee Amendment "A" (S-353) Report and PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-353) In NON-CONCURRENCE Sent down for concurrence

  3. 2025-06-11 Committee

    Reported Out; OTP-AM/ONTP

  4. 2025-03-04 Committee

    Work Session Held

  5. 2025-03-04 Committee

    Voted; Divided Report

  6. 2025-01-30 Committee

    Referred to Committee on Taxation.

Official Summary Text

An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax
Sponsor:
Senator Marianne Moore
Reference committee:
Taxation
Latest committee action:
Reported Out; OTP-AM/ONTP

Current Bill Text

Read the full stored bill text 
Printed on recycled paper
132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 372
S.P. 164 In Senate, February 3, 2025
An Act to Protect Maine People from Inflation by Exempting Gold
and Silver Coins and Bullion from the State Sales and Use Tax
Received by the Secretary of the Senate on January 30, 2025. Referred to the Committee
on Taxation pursuant to Joint Rule 308.2 and ordered printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator MOORE of Washington.
Cosponsored by Representative GREENWOOD of Wales, Representative QUINT of Hodgdon
and
Representatives: BOYER of Poland, DANA of the Passamaquoddy Tribe, LIBBY of Auburn,
MCINTYRE of Lowell, MINGO of Calais, PAUL of Winterport, TUELL of East Machias.

Page 1 - 132LR0776(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. Gold and silver coins and bullion. Beginning January 1, 2026, sales of gold
4 and silver coins and bullion.
5 For the purposes of this subsection, "gold and silver coins and bullion" means coins, bars
6 or rounds minted primarily of refined gold or silver that are marked and valued by their
7 weight, purity and content and not on their form. "Bullion" does not include fabricated
8 gold or silver that has been processed or manufactured for industrial, professional or artistic
9 uses.
10SUMMARY
11 This bill provides a sales and use tax exemption for sales of gold and silver coins and
12 bullion.
11
12