Md. Code, Tax - General § 11-214.1
This is the official text of Md. Code, Tax - General § 11-214.1, part of Maryland’s Code, Tax - General — governs state taxation.
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§11–214.
Official statutory text
§11–214.1.
(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:
(1) the sale price is greater than $1,000; and
(2) the sale occurs at the Baltimore Convention Center.
(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:
(1) the sale price is greater than $1,000; and
(2) the sale occurs at the Baltimore Convention Center.
Status: in_force · Read it on the official government site
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