§ 11–214.1
Statutes in effect as of October 1, 2026.
Md. Code Ann., Tax-Gen. § 11-214.1 (2026)
Title 11. Sales and Use Tax
Subtitle 2. Exemptions
§ 11–214.1LinkCopy Citation
(a)
In this section:
(1)
“precious metal bullion or coins” means:
(i)
any precious metal that has gone through a refining process and is in a state or condition such that its value depends on its precious metal content and not on its form; or
(ii)
except as provided in paragraph (2) of this subsection, monetized bullion, coins, or other forms of money that:
(1)
are manufactured from precious metals; and
(2)
are or have in the past been used as a medium of exchange under the laws of the State, the United States, or a foreign nation; and
(2)
“precious metal bullion or coins” does not include jewelry or a work of art made of precious metal bullion or coins.
(b)
The sales and use tax does not apply to a sale of precious metal bullion or coins if the sale price is greater than $1,000.