- Maryland Governor Wes Moore signed a bill restoring the sales tax exemption for gold and silver purchases, reversing last year’s tax.
- The earlier tax had hurt local precious metals businesses, with some reporting major losses and a large drop in showroom traffic.
- Business owners, dealers, and the Sound Money Defense League pushed for the repeal through lobbying, testimony, and grassroots support.
- With this change, 45 states now fully or partially exempt precious metals from sales tax, leaving only a few states and D.C. still taxing them.
Source: morningstar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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