The tax expenditure provides for a sales tax
exemption for transactions with a sale amount
of $1,000 or more of certain precious metals.
The exempt items are: rare coins of
numismatic value; gold or silver bullion or
coins; and gold or silver tender of any nation
which is traded and sold according to its value
as precious metal. Fabricated precious metals
that have been processed or manufactured for
industrial, professional, or artistic use do not
qualify for the exemption.
Origin: M.G.L. c. 64H, § 6(LL)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2020
FY2021
FY2022
FY2023
FY2024
Sales Tax
Exempt Products/Services
3.108
Exemption for Certain Precious Metals
The tax expenditure provides for a sales tax <BR>exemption for transactions with a sale amount<BR>of $1,000 or more of certain precious metals. <BR>The exempt items are: rare coins of <BR>numismatic value; gold or silver bullion or <BR>coins; and gold or silver tender of any nation <BR>which is traded and sold according to its value <BR>as precious metal. Fabricated precious metals <BR>that have been processed or manufactured for <BR>industrial, professional, or artistic use do not <BR>qualify for the exemption.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter64h/Section6" target="_blank">M.G.L. c. 64H, § 6(LL)</a>
9.7
9.8
10.0
10.4
10.7
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