S.B. 85 Summary

• Adds a new exemption to Ohio sales and use tax for sales of investment metal bullion and investment coins.

• Defines "investment metal bullion" as refined precious metals (gold, silver, platinum, palladium) whose value depends on metal content rather than form, excluding fabricated metals for industrial or artistic uses.

• Defines "investment coins" as numismatic coins or legal tender coins made of precious metals with fair market value exceeding their statutory or nominal value.

• Exemption applies to the sale or use of these metals and coins, effective the first day of the first month after the bill's effective date.