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MD HB500

Bill

Official Source

Status

Enrolled

4/13/2026

Primary Sponsor

Wayne Hartman

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Expands Maryland's sales and use tax exemption for precious metal bullion and coins by removing the requirement that sales exceed $1,000
  • Eliminates the restriction that exempt sales must occur at the Baltimore Convention Center, allowing the exemption to apply statewide at any location
  • Modifies the definition of "precious metal bullion or coins" to specify that value must "primarily" depend on precious metal content rather than form
  • Continues to exclude jewelry and works of art made from precious metals from the exemption
  • Takes effect July 1, 2026

Legislative Description

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

Exemptions

Last Action

Returned Passed

4/13/2026

Committee Referrals

Budget and Taxation4/13/2026
Rules4/10/2026
Ways and Means1/27/2026

Full Bill Text

No bill text available