MI HB5130

Expands the use tax exemption for bullion to include gold, silver, or platinum leaf, foil, or film with at least 50% metallic content that is used as currency but is not legal tender, effective January 1, 2026

Maintains the existing use tax exemption for investment coins and traditional bullion (gold, silver, or platinum in bulk state with at least 900 parts per 1,000 purity) that has been in effect since July 7, 1999

Defines investment coins as numismatic coins made of gold, silver, platinum, palladium, or other metal issued by the U.S. or foreign governments with fair market value exceeding face value

Requires House Bill 5131 and House Bill 5129 of the 103rd Legislature to also be enacted for this bill to take effect