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MarylandSB 03092026 Regular SessionSenateWALLET

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

Sponsored By: J.B. Jennings (Republican)

Signed by Governor

Taxes - Sales and UseExemptionsPrecious Metals and StonesPrices -see also- Consumer Price IndexSales and Use Tax

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Maryland ends sales tax on bullion

Beginning July 1, 2026, sales of qualifying precious metal bullion or coins are exempt from Maryland sales and use tax. The item must be refined metal whose value is mainly its metal content, or coins or monetized bullion made from precious metals used as money in the U.S. or abroad. Jewelry and works of art do not qualify. The law removes the old $1,000 minimum and the Baltimore Convention Center rule, so sales anywhere in Maryland qualify when the item meets the definition.

Sponsors & Cosponsors

Sponsor

  • J.B. Jennings

    Republican • Senate

Cosponsors

  • Jack Bailey

    Republican • Senate

  • Johnny Mautz

    Republican • Senate

  • Cory V. McCray

    Democratic • Senate

  • Justin Ready

    Republican • Senate

  • Johnny Ray Salling

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 217 • No: 0

House vote • 4/10/2026

Third Reading Passed

Yes: 133 • No: 0 • Other: 6

Senate vote • 4/10/2026

Third Reading Passed

Yes: 42 • No: 0 • Other: 2

Senate vote • 3/20/2026

Third Reading Passed

Yes: 42 • No: 0 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 730

    5/26/2026

  2. Passed Enrolled

    4/10/2026Senate

  3. Third Reading Passed (42-0)

    4/10/2026Senate

  4. Senate Concurs House Amendments

    4/10/2026Senate

  5. Third Reading Passed (133-0)

    4/10/2026House

  6. Second Reading Passed with Amendments

    4/9/2026House

  7. Motion Special Order until Later This Session (Delegate Grammer) Adopted

    4/9/2026House

  8. Favorable with Amendments {133321/1 Adopted

    4/9/2026House

  9. Favorable with Amendments Report by Ways and Means

    4/9/2026House

  10. Hearing 4/02 at 1:00 p.m.

    3/25/2026House

  11. Referred Ways and Means

    3/21/2026House

  12. Third Reading Passed (42-0)

    3/20/2026Senate

  13. Second Reading Passed with Amendments

    3/19/2026Senate

  14. Floor Amendment {773626/1 (Senator Mautz) Adopted

    3/19/2026Senate

  15. Favorable with Amendments {433028/1 Adopted

    3/19/2026Senate

  16. Motion Special Order until 3/17 (Senator Mautz) Adopted

    3/16/2026Senate

  17. Favorable with Amendments {433028/1

    3/16/2026Senate

  18. Favorable with Amendments Report by Budget and Taxation

    3/16/2026Senate

  19. Hearing 1/28 at 1:00 p.m.

    1/22/2026Senate

  20. First Reading Budget and Taxation

    1/21/2026Senate

Bill Text

  • Enacted

    5/26/2026

    PDF

  • Enrolled

    4/10/2026

    PDF

  • Third Reading

    3/19/2026

    PDF

  • First Reading

    1/21/2026

    PDF

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