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
Floor votes
How they voted
No floor votes recorded yet.
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
Rich Draheim
RRepublican
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