SB 309 Maryland Senate · 2026 Regular Session

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

SB 309 expands Maryland's sales tax exemption for precious metal bullion or coins by removing two current requirements: a $1,000 minimum sale price and the need for sales to occur at the Baltimore Convention Center. The bill clarifies that the exemption applies to refined precious metal products (like gold or silver bars) and coins used as currency, excluding jewelry or art made from precious metals. This change directly affects buyers purchasing investment-grade bullion or coins, making the exemption available for more transactions regardless of price or location. The policy update takes effect July 1, 2026, broadening access to the tax break for eligible purchases.
Bill status signed all 5 stages cleared
Introduction
Jan 2026
Committee Review
Apr 2026
Senate Passage
Apr 2026
House of Delegates Passage
Apr 2026
Signed into Law
May 2026
Introduced Jan 21, 2026 Signed May 26, 2026
Maddy AI version diff · 2 comparisons

What changed between versions

Third - Sales and Use Tax - Precious Metal Bullion or Coins - Exemption Enrolled - Sales and Use Tax - Precious Metal Bullion or Coins - Exemption · 3 edits · May 26, 2026
MINOR
The bill was finalized and enrolled, meaning it is now ready to be signed by the Governor. The substantive policy content regarding the tax exemption for precious metals remains unchanged, but a minor grammatical error in the bill's explanatory summary was corrected to improve clarity.
Scope change
The bill's scope and applicability remain unchanged; it still exempts sales of precious metal bullion or coins from sales and use tax under the same conditions as before.
TECHNICAL

Corrected a grammatical error in the bill's summary description by changing 'repealing requirements that' to 'repealing requirements a requirement' to 'repealing requirements that' (note: the diff shows the original had 'that' and the enrolled version has 'a requirement' which appears to be a typo in the diff representation or a specific stylistic change, but the core meaning of repealing the price and location restrictions remains the same).

Updated the document header from a draft Senate Bill status to 'ENROLLED BILL', indicating the text has passed all legislative stages and is awaiting the Governor's signature.

Removed draft-specific metadata such as committee assignments, reading dates, and amendment statuses, replacing them with standard enrolled bill formatting including spaces for the Governor's signature and proofreader details.

Floor votes · Senate Mar 24, 2026 · House of Delegates Mar 26, 2026

How they voted

440
Passed · 5 other
Total votes 49
Mar 24, 2026
D Democratic36
33 Yea 3
91% Yea
R Republican13
11 Yea 2
84% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
21
Key actions
13
Committee
7
Amendments
2
May 26, 2026
Signed into law
Approved by the Governor - Chapter 730
executive
Apr 10, 2026
Upper · Passed
Passed Enrolled
upper
Apr 10, 2026
Introduced
Senate Concurs House Amendments
upper
Apr 10, 2026
Lower · Passed
Third Reading Passed
lower
Apr 9, 2026
Lower · Passed
Motion Special Order until Later This Session (Delegate Grammer) Adopted
lower
Apr 9, 2026
Lower · Passed
Favorable with Amendments {
lower
Apr 9, 2026
Lower · Passed
Favorable with Amendments Report by Ways and Means
lower
Mar 26, 2026
House Of Delegates · Passed
House of Delegates Vote: pass (134-0-8)
house of delegates
Mar 24, 2026
Senate · Passed
Senate Vote: pass (44-0-5)
senate
Mar 21, 2026
Committee
Referred Ways and Means
lower
Mar 20, 2026
Upper · Passed
Third Reading Passed
upper
Mar 19, 2026
Introduced
Floor Amendment {
upper
Mar 19, 2026
Upper · Passed
Favorable with Amendments {
upper
Mar 16, 2026
Upper · Passed
Motion Special Order until 3/17 (Senator Mautz) Adopted
upper
Mar 16, 2026
Upper · Passed
Favorable with Amendments {
upper
Mar 16, 2026
Upper · Passed
Favorable with Amendments Report by Budget and Taxation
upper
Jan 21, 2026
Committee
First Reading Budget and Taxation
upper
6 primary · 0 co-sponsors

Sponsors