MS SB2862

Amends Mississippi Code Section 27-65-111 to add a new sales tax exemption for sales of coins, currency, and bullion, effective July 1, 2023.

Defines "bullion" as bars, ingots, or coins made of gold, silver, platinum, or palladium that were used as a medium of exchange by any state, the U.S. Government, or foreign nation and are sold based on intrinsic precious metal value rather than face value.

Defines "coin or currency" as coins or currency made of gold, silver, other metal, or paper that were used as a medium of exchange by any state, the U.S. Government, or foreign nation and are sold based on intrinsic value rather than representative value, excluding coins incorporated into jewelry.

Preserves all existing tax claims, assessments, and collection efforts for taxes due before the effective date of the law.