Sales and Use Tax - Precious Metal Bullion or Coins - Exemption

SB 1017 removes the $1,000 minimum price requirement for sales tax exemption on precious metal bullion or coins. It directly affects sellers and buyers of qualifying bullion or coins (such as refined metal bars or historically used currency) but excludes jewelry and art. The bill repeals the existing rule that limited the exemption to sales over $1,000, making all qualifying sales exempt regardless of price. This change takes effect July 1, 2025.