HB0729 • 2026

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

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Delegates Grammer , Arikan , Chisholm , Fisher , M. Morgan , Nawrocki , and Szeliga
Last action: 2026-02-03
Official status: In the House - Hearing 2/19 at 1:00 p.m.
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 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; and expanding the exemption by repealing requirements that the sale price exceed $1,000 and the sale occur at the Baltimore Convention Center.

What This Bill Does

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; and expanding the exemption by repealing requirements that the sale price exceed $1,000 and 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.

Bill History

2026-02-03 House
Hearing 2/19 at 1:00 p.m.
2026-02-02 House
First Reading Ways and Means
Maryland General Assembly
Text - First - Sales and Use Tax - Precious Metal Bullion or Coins - Exemption

Official Summary Text

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; and expanding the exemption by repealing requirements that the sale price exceed $1,000 and 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.
*hb0729*

HOUSE BILL 729
Q4 6lr0934
SB 1017/25 – SRU
By: Delegates Grammer, Arikan, Chisholm, Fisher, M. Morgan, Nawrocki, and
Szeliga
Introduced and read first time: February 2, 2026
Assigned to: Ways and Means

A BILL ENTITLED

AN ACT concerning 1

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

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

BY repealing and reenacting, with amendments, 8
Article – Tax – General 9
Section 11–214.1 10
Annotated Code of Maryland 11
(2022 Replacement Volume and 2025 Supplement) 12

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 13
That the Laws of Maryland read as follows: 14

Article – Tax – General 15

11–214.1. 16

(a) In this section: 17

(1) “precious metal bullion or coins” means: 18

(i) any precious metal that has gone through a refining process and 19
is in a state or condition such that its value depends on its precious metal content and not 20
on its form; or 21

(ii) except as provided in paragraph (2) of this subsection, monetized 22
2 HOUSE BILL 729

bullion, coins, or other forms of money that: 1

1. are manufactured from precious metals; and 2

2. are or have in the past been used as a medium of exchange 3
under the laws of the State, the United States, or a foreign nation; and 4

(2) “precious metal bullion or coins” does not include jewelry or a work of 5
art made of precious metal bullion or coins. 6

(b) The sales and use tax does not apply to a sale of precious metal bullion or coins 7
[if: 8

(1) the sale price is greater than $1,000; and 9

(2) the sale occurs at the Baltimore Convention Center]. 10

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 11
1, 2026. 12