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MD SB309

Bill

Official Source

Status

Introduced

1/21/2026

Primary Sponsor

J.B. Jennings

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Expands the sales and use tax exemption for precious metal bullion and coins by removing the requirement that the sale price exceed $1,000
  • Removes the restriction that sales must occur at the Baltimore Convention Center to qualify for the exemption
  • Modifies the definition of precious metal bullion to specify that value must "primarily" depend on precious metal content rather than form
  • Excludes jewelry and works of art made from precious metal bullion or coins from the exemption
  • Effective date: July 1, 2026

Legislative Description

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

Exemptions

Last Action

Motion Special Order until 3/17 (Senator Mautz) Adopted

3/16/2026

Committee Referrals

Budget and Taxation1/21/2026

Full Bill Text

No bill text available