MS HB426

Exempts sales of coins, currency, and bullion from Mississippi sales tax, effective July 1, 2022

Defines "bullion" as bars, ingots, or coins made of gold, silver, platinum, or palladium that were used as a medium of exchange and are sold based on intrinsic precious metal or collectible value

Defines "coin or currency" as items made of gold, silver, other metal, or paper that were used as a medium of exchange and are sold for their intrinsic value rather than face value

Excludes coins or currency that have been incorporated into jewelry from the exemption

Preserves all existing tax claims, assessments, and enforcement actions for taxes accrued before the effective date