Sales and use tax exemption on precious metal bullion expanded to include coins and other forms of currency.

HF 881 expands Minnesota's sales and use tax exemption for precious metal bullion to include coins and other forms of currency made of gold, silver, platinum, or palladium. This change directly affects buyers and sellers of these items, removing sales tax on transactions involving such coins or currency (e.g., commemorative coins or bullion coins), while maintaining tax exemptions for existing bullion bars and rounds. The bill amends Minnesota Statutes 297A.67 to redefine "bullion" to explicitly include coins and currency, ensuring consistent tax treatment for these assets compared to other investments like ETFs or bonds. It excludes jewelry, art, and scrap metal from the exemption, effective for sales after June 30, 2025.