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ME LD372
Bill
AI Summary
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Exempts gold and silver coins and bullion from Maine's state sales and use tax beginning January 1, 2026
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Defines eligible items as coins, bars, or rounds minted primarily of refined gold or silver that are valued by weight, purity, and content rather than form
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Excludes fabricated gold or silver processed for industrial, professional, or artistic uses from the exemption
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Amends Title 36 MRSA §1760 by adding subsection 116 to the existing sales tax exemption statutes
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Presented by Senator Moore of Washington with bipartisan cosponsorship from 10 representatives
Legislative Description
An Act to Protect Maine People from Inflation by Exempting Gold and Silver Coins and Bullion from the State Sales and Use Tax
Sales And Use Tax
Last Action
Placed in the Legislative Files. (DEAD)
6/16/2025