§ 11-214.1

159 words·~1 min read·/md/tax-general/11-214-1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

§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.