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MI HB5129
Bill
Status
10/23/2025
Primary Sponsor
Joseph Pavlov
Click for details
AI Summary
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Expands the sales tax exemption for bullion to include gold, silver, or platinum leaf, foil, or film with at least 50% metallic content, effective January 1, 2026
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The expanded bullion definition covers precious metal products used as currency but not issued as legal tender by the U.S. or foreign governments
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Maintains existing exemptions for traditional bullion (minimum 900 parts per 1,000 purity) and investment coins made of gold, silver, platinum, or palladium
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Requires enactment of both HB 5130 and HB 5129 (request no. H04160'25) for this bill to take effect
Legislative Description
Sales tax: exemptions; exemptions for the sale of investment coins and bullion; modify. Amends sec. 4s of 1933 PA 167 (MCL 205.54s). TIE BAR WITH: HB 5130'25, HB 5129'25
Sales tax: exemptions
Last Action
Bill Electronically Reproduced 10/23/2025
10/28/2025