Senate Counsel, Research
and Fiscal Analysis
Minnesota Senate Bldg.
95 University Avenue W. Suite 3300
St. Paul, MN 55155
(651) 296-4791
Alexis C. Stangl
Director
   Senate   
State of Minnesota
 
 
 
 
 
S.F. No. 190 - Sales Tax Exemption for Precious Metal Bullion (as proposed by the A-1 amendment)
 
Author: Senator Melisa López Franzen
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 2, 2015



 

Provides an upfront sales tax exemption for precious metal bullion.  Defines “precious metal bullion” as a product of at least 90 percent by weight of gold, silver, platinum, or palladium that is bought and sold based on the current market price of the actual metal as set by a recognized commodities exchange, and is in the form of coin, rounds, bars, or any other form that qualified under the previous two requirements.  Effective for sales and purchases made after June 30, 2015.

 
Check on the status of this bill
 
Back to Senate Counsel and Research Bill Summaries page
 

 
This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
 
Last review or update: 03/02/2015
 
If you see any errors on this page, please e-mail us at webmaster@senate.mn