Maryland expands sales tax exemption for precious metal bullion and coins

Original title: Sales and Use Tax - Precious Metal Bullion or Coins - Exemption

Last action · May 26, 2026: Approved by the Governor - Chapter 730Sponsors: J.B. Jennings and 5 others

Companion · HB 500same policy, House version

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What This Bill Does

Maryland eliminates the requirement that precious metal bullion or coin sales exceed $1,000 and occur at the Baltimore Convention Center to qualify for a sales and use tax exemption, effective July 1, 2026.

Why it matters

Purchasers of precious metal bullion and coins of any dollar amount statewide will no longer pay the sales and use tax, removing location and price restrictions that previously limited the tax break.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Buyers and sellers of precious metal bullion or coins

Transactions involving precious metal bullion or coins will no longer be subject to the sales and use tax, regardless of the purchase price or sale location.

Key Facts

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Frequently Asked Questions

What specific requirements are removed to qualify for the tax exemption?

The act repeals the requirements that the sale price must exceed $1,000 and that the sale must occur at the Baltimore Convention Center.

Does the exemption apply to jewelry or art made of precious metals?

No, jewelry and works of art made of are explicitly excluded from the definition and do not qualify for the exemption.

When does this tax exemption change take effect?

The Act takes effect on July 1, 2026.

What else do you want to know?

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Where This Stands

Current status: Signed into law.

Procedural history

20 actions

May 26, 2026Governor of MarylandEnrolled
Approved by the Governor - Chapter 730
Apr 10, 2026SenateFloor
Passed Enrolled
Apr 10, 2026SenateFloor
Third Reading Passed (42-0)
Apr 10, 2026SenateFloor
Senate Concurs House Amendments
Apr 10, 2026HouseFloor
Third Reading Passed (133-0)
Apr 9, 2026HouseFloor
Second Reading Passed with Amendments

Show 14 earlier actions

Apr 9, 2026HouseFloor
Motion Special Order until Later This Session (Delegate Grammer) Adopted
Apr 9, 2026House
Favorable with Amendments { 133321/1 Adopted
Apr 9, 2026HouseCommittee
Favorable with Amendments Report by Ways and Means
Mar 25, 2026House
Hearing 4/02 at 1:00 p.m.
Mar 21, 2026HouseCommittee
Referred Ways and Means
Mar 20, 2026SenateFloor
Third Reading Passed (42-0)
Mar 19, 2026SenateFloor
Second Reading Passed with Amendments
Mar 19, 2026Senate
Floor Amendment { 773626/1 (Senator Mautz) Adopted
Mar 19, 2026Senate
Favorable with Amendments { 433028/1 Adopted
Mar 16, 2026SenateFloor
Motion Special Order until 3/17 (Senator Mautz) Adopted
Mar 16, 2026Senate
Favorable with Amendments { 433028/1
Mar 16, 2026SenateCommittee
Favorable with Amendments Report by Budget and Taxation
Jan 22, 2026Senate
Hearing 1/28 at 1:00 p.m.
Jan 21, 2026SenateIntroduced
First Reading Budget and Taxation

Version history

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