MS HB518

Exempts sales of coins, currency, and bullion from Mississippi state 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 metals, or paper that were used as a medium of exchange by any state, the U.S. government, or foreign nation

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

Amends Section 27-65-111 of the Mississippi Code, which governs miscellaneous sales tax exemptions for non-industrial, non-agricultural, and non-governmental entities