MarylandMaryland will exempt qualifying bullion and coins from sales tax
Starting July 1, 2026, Maryland buyers can purchase qualifying precious metal bullion and coins without sales tax, whatever the price or sale location.
What it does
Maryland exempts qualifying bullion and coins from sales and use tax, whatever their price or where they are sold. Jewelry and works of art are excluded.
Argument forBuyers could avoid sales tax on qualifying bullion and coins regardless of price or sale location, making these purchases simpler.
Argument againstMaryland could collect less sales tax on bullion and coin sales because the exemption would cover sales of any price at any location.
More detail
Maryland exempts qualifying precious metal bullion and coins from sales and use tax. The exemption covers refined precious metals whose value mainly comes from their metal content, and precious metal money forms that have been used as money under state, U.S., or foreign law. Jewelry and works of art made from precious metal bullion or coins are excluded. The law takes effect July 1, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 26Approved by the Governor Wes Moore - Chapter 730Became Law
- Apr 10Passed EnrolledTo Governor
- Apr 10Third Reading PassedMajor
- Apr 10Senate Concurs House Amendments
- Apr 10Third Reading PassedPassed House
- Apr 9Second Reading Passed with Amendments
- Apr 9Motion Special Order until Later This Session (Delegate Grammer) Adopted
- Apr 9Favorable with Amendments {Minor
- Apr 9Favorable with Amendments Report by Ways and MeansMinor
- Mar 26
- Vote recorded On Third Reading (Amend). Result: pass.Lower
- Mar 25Hearing 4/02 at 1:00 p.m.
- Mar 24
- Vote recorded Bill is on Third Reading for Final Passage. Result: pass.Upper
- Mar 21Referred Ways and MeansMinor
- Mar 20Third Reading PassedPassed Senate
- Mar 19Second Reading Passed with Amendments
- Mar 19Floor Amendment {
- Mar 19Favorable with Amendments {Minor
- Mar 16Motion Special Order until 3/17 (Senator Mautz) Adopted
- Mar 16Favorable with Amendments {Minor
- Mar 16Favorable with Amendments Report by Budget and TaxationMinor
- Mar 5
- Vote recorded On Third Reading. Result: pass.Upper
- Jan 22Hearing 1/28 at 1:00 p.m.
- Jan 21First Reading Budget and TaxationIntroduced
Taxes & Budget