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

HB 729 removes two requirements for a sales tax exemption on precious metal bullion or coins. Currently, the exemption only applies if the sale price exceeds $1,000 and occurs at the Baltimore Convention Center. This bill repeals both conditions, making the exemption available for all qualifying sales regardless of price or location. It specifically defines "precious metal bullion or coins" to exclude jewelry and art, ensuring the exemption applies only to investment-grade metal products. The change takes effect July 1, 2026.