Origin: 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
FY2021
FY2022
FY2023
FY2024
FY2025
Sales Tax
Exempt Products/Services
3.108
Exemption for Certain Precious Metals
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.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter64h/Section6" target="_blank">M.G.L. c. 64H, § 6(LL)</a>
9.8
10.0
10.4
10.7
10.9
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