HB0500 • 2026

Sales and Use Tax - Precious Metal Bullion or Coins - Exemption

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Delegates Hartman , Anderson , Arentz , Baker , Buckel , Chisholm , Ciliberti , Fisher , Griffith , Hornberger , Jacobs , Kipke , R. Long , Miller , T. Morgan , Nkongolo , Reilly , Tomlinson , and Valentine
Last action: 2026-05-26
Official status: Approved by the Governor - Chapter 729
Effective date: 2026-07-01

Plain English Breakdown

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

Sales and Use Tax - Precious Metal Bullion or Coins - Exemption

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 This Bill Does

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.

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.

123026/1

None

Favorable with Amendments { 123026/1 Adopted

Plain English: AMENDMENTS TO HOUSE BILL 500 (First Reading File Bill) AMENDMENT NO.

AMENDMENTS TO HOUSE BILL 500 (First Reading File Bill) AMENDMENT NO.
1 On page 1, strike beginning with the second “the” in line 3 down through the first “of” in line 4; in line 5, strike “; expanding the exemption”; in the same line, strike “requirements” and substitute “ a requirement”; and strike beginning with the second “the” in line 5 down through “and” in line 6.
AMENDMENT NO.
2 On page 1, in line 21, strike “PRIMARILY”.

173629/1

None • Delegate Grammer

Floor Amendment { 173629/1 (Delegate Grammer) Rejected (18-111)

Plain English: AMENDMENTS TO HOUSE BILL 500, AS AMENDED (First Reading File Bill) AMENDMENT NO.

AMENDMENTS TO HOUSE BILL 500, AS AMENDED (First Reading File Bill) AMENDMENT NO.
1 In the Ways and Means Committee Amendments (HB0500/123026/1), in line 2 of Amendment No.
1, strike “; expanding the exemption”; and in line 3, strike “ a requirement” and substitute “requirements”.
On page 1 of the bill, in line 5, after “that” insert “ the sale price exceed a certain amount and”.

Bill History

2026-05-26 Post Passage
Approved by the Governor - Chapter 729
2026-04-13 Senate
Rereferred to Budget and Taxation
2026-04-13 Senate
Favorable Report by Budget and Taxation
2026-04-09 House
Favorable with Amendments Report by Ways and Means
2026-04-02 House
Returned Passed
2026-03-27 Senate
Third Reading Passed (45-0)
2026-03-26 Senate
Favorable Adopted
2026-03-26 Senate
Second Reading Passed
2026-03-24 House
Third Reading Passed (133-0)
2026-03-23 House
Favorable with Amendments { 123026/1 Adopted
2026-03-23 House
Motion Special Order until Later This Session (Delegate Grammer) Adopted
2026-03-23 House
Floor Amendment { 173629/1 (Delegate Grammer) Rejected (18-111)
2026-03-23 House
Second Reading Passed with Amendments
2026-03-23 Senate
Referred Rules
2026-01-27 House
First Reading Ways and Means
2026-01-27 House
Hearing 2/12 at 1:00 p.m.
Maryland General Assembly
Text - First - Sales and Use Tax - Precious Metal Bullion or Coins - Exemption
Maryland General Assembly
Vote - House - Committee - Ways and Means
Maryland General Assembly
Text - Third - Sales and Use Tax - Precious Metal Bullion or Coins - Exemption
Maryland General Assembly
Vote - Senate - Committee - Budget and Taxation

Official Summary Text

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.

Current Bill Text

Read the full stored bill text

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*hb0500*

HOUSE BILL 500
Q4 6lr1416
HB 357/25 – W&M CF SB 309
By: Delegates Hartman, Anderson, Arentz, Baker, Buckel, Chisholm, Ciliberti,
Fisher, Griffith, Hornberger, Jacobs, Kipke, R. Long, Miller, T. Morgan,
Nkongolo, Reilly, Tomlinson, and Valentine
Introduced and read first time: January 27, 2026
Assigned to: Ways and Means
Committee Report: Favorable with amendments
House action: Adopted
Read second time: March 23, 2026

CHAPTER ______

AN ACT concerning 1

Sales and Use Tax – Precious Metal Bullion or Coins – Exemption 2

FOR the purpose of altering the definition of “precious metal bullion or coins” for purposes 3
of eligibility for an exemption from the sales and use tax for the sale of precious metal 4
bullion or coins; expanding the exemption by repealing requirements a requirement 5
that the sale price exceed a certain amount and the sale occur at the Baltimore 6
Convention Center; and generally relating to a sales and use tax exemption for 7
precious metal bullion and coins. 8

BY repealing and reenacting, with amendments, 9
Article – Tax – General 10
Section 11–214.1 11
Annotated Code of Maryland 12
(2022 Replacement Volume and 2025 Supplement) 13

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 14
That the Laws of Maryland read as follows: 15

Article – Tax – General 16

11–214.1. 17

(a) In this section: 18
2 HOUSE BILL 500

(1) “precious metal bullion or coins” means: 1

(i) any precious metal that has gone through a refining process and 2
is in a state or condition such that its value PRIMARILY depends on its precious metal 3
content and not on its form; or 4

(ii) except as provided in paragraph (2) of this subsection, monetized 5
bullion, coins, or other forms of money that: 6

1. are manufactured from precious metals; and 7

2. are or have in the past been used as a medium of exchange 8
under the laws of the State, the United States, or a foreign nation; and 9

(2) “precious metal bullion or coins” does not include jewelry or a work of 10
art made of precious metal bullion or coins. 11

(b) The sales and use tax does not apply to a sale of precious metal bullion or coins 12
[if: 13

(1) the sale price is greater than $1,000; and 14

(2) the sale occurs at the Baltimore Convention Center]. 15

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 16
1, 2026. 17

Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
Speaker of the House of Delegates.
________________________________________________________________________________
President of the Senate.