OH SB386

Exempts sales of investment metal bullion from Ohio sales and use taxes, defined as elementary precious metals (gold, silver, platinum, palladium) in smelted or refined form whose value depends on content rather than form.

Exempts sales of investment coins from sales and use taxes, defined as numismatic coins or legal tender made of precious metals under U.S. or foreign law with fair market value greater than statutory or nominal value.

Excludes fabricated precious metals processed for specific industrial, professional, or artistic uses from the bullion exemption.

Amends section 5739.02 of the Revised Code to add the exemption as division (B)(52).

Effective the first day of the first month beginning after the bill's enactment date.