MI HB5131

Creates a new state income tax deduction for net capital gains from the sale or exchange of investment coins and bullion, effective January 1, 2026

Requires taxpayers to add back any net capital losses from investment coins and bullion sales that were deducted on their federal return

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

Defines "bullion" as gold, silver, or platinum in bulk form with at least 90% purity, or precious metal leaf/foil with 50% or more metallic content

Contingent on passage of House Bill 5129 and House Bill 5130 from the 103rd Legislature