SF 403 Minnesota Senate · 2025-2026 Regular Session

Exemption on precious metal bullion expansion to include coins and other forms of currency

This bill expands Minnesota's sales tax exemption for precious metal bullion to include coins and other forms of currency that serve as legal tender. It directly affects buyers and sellers of gold/silver coins (like commemorative or circulating coins) and other metal-based currency, making their sales tax-exempt under the same rules as bullion bars. The key change amends Minnesota Statutes 297A.67 to add "coins and currency" to the exemption, while explicitly excluding jewelry, art, and scrap metal. The policy change takes effect for transactions after June 30, 2025.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2025 Last action Jan 21, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 21, 2025
Committee
Referred to Taxes
upper
Jan 21, 2025
Introduced
Introduction and first reading
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rich Draheim
Rich Draheim
RRepublican
MN
22