Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

3.108 -Exemption for Certain Precious Metals


Item DescriptionFY2012 FY2013 FY2014
3.108 Exemption for Certain Precious Metals
Sales valued at $1,000 or more of the following precious metals are exempt from the sales tax: 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, S. 6(ll)
Estimate:  N.A.
N.A. N.A. N.A.

Key:

ORIGIN  
M.G.L. Massachusetts General Laws
ESTIMATES All estimates are in $ millions.


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