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MN HF2812

Bill

Official Source

Status

Introduced

2/20/2018

Primary Sponsor

Jim Knoblach

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Expands the sales and use tax exemption in Minnesota Statutes section 297A.67, subdivision 34 to include bullion coin in addition to precious metal bullion
  • Defines "bullion coin" as a coin described in section 80G.01, subdivision 2
  • Maintains existing definition of "precious metal bullion" as bars or rounds consisting of 99.9 percent or more by weight of gold, silver, platinum, or palladium marked with weight, purity, and content
  • Exemption does not apply to jewelry, works of art, or scrap metal
  • Effective for sales and purchases made after June 30, 2018

Legislative Description

Bullion exemption expanded to include bullion coin.

Last Action

Author added Jessup.

4/18/2018

Committee Referrals

Taxes2/20/2018

Full Bill Text

No bill text available