Maryland SB 309 would restore the sales tax exemption on purchases of gold and silver coins, bars, and rounds.
This bill is scheduled for a hearing THIS WEDNESDAY, January 28th before the Senate Budget and Taxation committee.
There's no time to waste. We must act now...Below is contact information for a new batch of lawmakers, so even if you've previously contacted members, send the email again!
Lawmakers in Maryland must hear from the precious metals investors who have been crushed with the new sales tax imposed on precious metals purchases.
Simply CALL and EMAIL the Maryland leaders below and urge them to put an end to taxes on the purchase of gold and silver by voting YES on SB 309.
Senator Guy Gozzone, Committee Chair --
guy.guzzone@senate.maryland.gov – (410) 841-3572
Senator Jim Rosapepe, Committee Vice-Chair --
jim.rosapepe@senate.maryland.gov – (410) 841-3141
Senator Malcolm Augustine --
malcolm.augustine@senate.maryland.gov -- (410) 841-3745
Senator Jack Bailey --
jack.bailey@senate.maryland.gov -- (410) 841-3395
Senator Craig Zucker --
craig.zucker@senate.maryland.gov -- (410) 841-3625
Senator Johnny Ray Sailing--
johnnyray.salling@senate.maryland.gov -- (410) 841-3587
Senator Shelly Hettleman --
shelly.hettleman@senate.maryland.gov -- (410) 841-3131
Senator Cory McCray --
cory.mccray@senate.maryland.gov -- (410) 841-3138
Senator Karen Lewis Young --
karen.young@senate.maryland.gov -- (410) 841-3575
It isn't often where taking just 5 minutes of your time can achieve something so meaningful for freedom and sound money.
44 states have already declared that taxing gold and silver is wrong by fully or partially exempting the precious metals from sales tax. Maine should continue the trend.
Time is running short.
If the Senate does not vote yes on SB 309, Maryland citizens will continue to be penalized with a ridiculous sales tax when they seek to protect the purchasing power of their money using gold and silver.
Maryland is an outlier. In fact, Maryland's neighbors (Pennsylvania, Delaware, Virginia, and West Virginia) doesn't charge sales taxes on precious metals either.
If Maryland does not pass this popular sales tax exemption for the monetary metals, investors and savers in the state will simply take their precious metals business to other states to avoid being hammered with these discriminatory taxes.
With more than $38 trillion in debt, America's inflationary policies have put everyone at risk. This bill would remove a major disincentive in the way of saving wealth in real money, i.e. gold and silver.
Respectfully,
JP Cortez Signature
Jp Cortez, Executive Director
Sound Money Defense League
P.S. Please contact the Maryland legislators listed above TODAY and urge them to end the sales tax on the monetary metals
@Catbert said:
Wonder how the new tax will affect attendance.
The only "attendance" that matters is dealer attendance. Not the public, as evidenced by the utter disdain dealers who start clearing out of Baltimore on Friday afternoon have for the public.
Specifically with respect to the "new tax," I promise you that most members of the public will be unaware, so it won't impact their attendance at all.
Moreover, as with buyer premiums at auction, it will be the seller paying the tax, not the buyer. So dealers will either build the tax into their sales prices, or most buyers will do that for them when agreeing to deals.
As Whitman surely knows, if dealers have to take 6% less on transactions than at other shows in the country, guess which regional show will die a quick death?
Either that, or Baltimore will be even more of a wholesale trade show than it is already. Which might be fine. Then they can cut out weekends altogether, and the whole thing can be a dealer to dealer one day affair.
Maryland can pull this with their own residents, because they have no choice. Trade shows are mobile, and can easily avoid any location that is inhospitable. Just ask Philadelphia.
If they think coin collectors are a easy source of some quick cash, they are going to learn the hard way that they are far from easy pickins'. Just ask all the people that go an hour out of their way to avoid paying $20 to park in Orlando.
No one is going accept 6% as the cost of doing business in Baltimore. They will either be exempt, or just avoid Baltimore entirely. Before the show just closes for good, Maryland will collect far less from the tax on show transactions than it will lose in taxes on all the ancillary transactions (food, lodging, parking) from people who stay away.
Maryland SB 309 would restore the sales tax exemption on purchases of gold and silver coins, bars, and rounds.
This bill is scheduled for a hearing THIS WEDNESDAY, January 28th before the Senate Budget and Taxation committee.
There's no time to waste. We must act now...Below is contact information for a new batch of lawmakers, so even if you've previously contacted members, send the email again!
Lawmakers in Maryland must hear from the precious metals investors who have been crushed with the new sales tax imposed on precious metals purchases.
They won't care....Maryland is a tax grab state. Consider it a done deal.
III. Additional Sales and Use Tax Exemption Changes
D. Repeal of Certain Exemptions
Pursuant to Section 4 of Chapter 604 of the Acts of 2025, the following exemptions from the
sales and use tax are repealed effective July 1, 2025:
...
2. A sale of precious metal bullion or coins with a sale price greater than $1,000, **except
for sales that occur at the Baltimore Convention Center. **
Oh no, this is getting in way over my head.
But I did a few quick checks and am now wondering if basically nothing has changed for the Baltimore CC sale of precious metals and coin. That is was it previously also tax exempt for sales over $1000.
From the link you provided it appears that is saying the $1000 exemption for precious metals is repealed except for sales at the Baltimore CC the exemption still applies. That is precious metal sales (and coin) at Baltimore CC still have the exemption for sales over $1000. Not that all sales are exempt.
This appears to go along with my previous post on what the Whitman site had:
"In Maryland, as of November 1, 2025, there is no sales tax on transactions of coins and bullion over $1,000 as long as the sale occurs in the Baltimore Convention Center. Sales under $1,000 are subject to sales tax."
Don't know if this Sovos is good or not but they write it similarly as: https://sovos.com/regulatory-updates/sut/maryland-narrows-bullion-exemption/
"In Maryland, the purchase price of precious metal bullion or coins were exempt from sales tax if the taxable amount exceeded $1,000. On May 20, 2025, House Bill 352 was signed into law. The legislation provides, effective July 1, 2025, that for the exemption to apply, precious metals bullion or coins must also be purchased at the Baltimore Convention Center."
Sorry for any confusion, the Whitman Expo website had some obsolete sales tax info posted.
As of now the sales and use tax exemption at the BCC is still in effect, no threshold or qualifiers. Of course that is always subject to future change based on state laws. Our website will soon reflect the following:"Under Maryland law, sales of precious metal bullion and coins that occur at the Baltimore Convention Center are exempt from Maryland sales and use tax.
All other taxable merchandise sold at the show remains subject to Maryland sales tax."If you have anymore questions, don't hesitate to email Christy at info@whitmanexpo.com
Hope to see you in March!
John Feigenbaum Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com) PNG: Executive Director (www.pngdealers.org)
Comments
$100 coin add $6 sales tax
$300 coin add $18 sales tax
$500 coin add $30 sales tax
Thank you Governor of MD
From Money Metal Exchange:
Dear Maryland Gold and Silver Investor,
Maryland SB 309 would restore the sales tax exemption on purchases of gold and silver coins, bars, and rounds.
This bill is scheduled for a hearing THIS WEDNESDAY, January 28th before the Senate Budget and Taxation committee.
There's no time to waste. We must act now...Below is contact information for a new batch of lawmakers, so even if you've previously contacted members, send the email again!
Lawmakers in Maryland must hear from the precious metals investors who have been crushed with the new sales tax imposed on precious metals purchases.
(Con't)
Simply CALL and EMAIL the Maryland leaders below and urge them to put an end to taxes on the purchase of gold and silver by voting YES on SB 309.
Senator Guy Gozzone, Committee Chair --
guy.guzzone@senate.maryland.gov – (410) 841-3572
Senator Jim Rosapepe, Committee Vice-Chair --
jim.rosapepe@senate.maryland.gov – (410) 841-3141
Senator Malcolm Augustine --
malcolm.augustine@senate.maryland.gov -- (410) 841-3745
Senator Jack Bailey --
jack.bailey@senate.maryland.gov -- (410) 841-3395
Senator Craig Zucker --
craig.zucker@senate.maryland.gov -- (410) 841-3625
Senator Johnny Ray Sailing--
johnnyray.salling@senate.maryland.gov -- (410) 841-3587
Senator Shelly Hettleman --
shelly.hettleman@senate.maryland.gov -- (410) 841-3131
Senator Cory McCray --
cory.mccray@senate.maryland.gov -- (410) 841-3138
Senator Karen Lewis Young --
karen.young@senate.maryland.gov -- (410) 841-3575
It isn't often where taking just 5 minutes of your time can achieve something so meaningful for freedom and sound money.
44 states have already declared that taxing gold and silver is wrong by fully or partially exempting the precious metals from sales tax. Maine should continue the trend.
Time is running short.
If the Senate does not vote yes on SB 309, Maryland citizens will continue to be penalized with a ridiculous sales tax when they seek to protect the purchasing power of their money using gold and silver.
Maryland is an outlier. In fact, Maryland's neighbors (Pennsylvania, Delaware, Virginia, and West Virginia) doesn't charge sales taxes on precious metals either.
If Maryland does not pass this popular sales tax exemption for the monetary metals, investors and savers in the state will simply take their precious metals business to other states to avoid being hammered with these discriminatory taxes.
With more than $38 trillion in debt, America's inflationary policies have put everyone at risk. This bill would remove a major disincentive in the way of saving wealth in real money, i.e. gold and silver.
Respectfully,
JP Cortez Signature
Jp Cortez, Executive Director
Sound Money Defense League
P.S. Please contact the Maryland legislators listed above TODAY and urge them to end the sales tax on the monetary metals
The only "attendance" that matters is dealer attendance. Not the public, as evidenced by the utter disdain dealers who start clearing out of Baltimore on Friday afternoon have for the public.
Specifically with respect to the "new tax," I promise you that most members of the public will be unaware, so it won't impact their attendance at all.
Moreover, as with buyer premiums at auction, it will be the seller paying the tax, not the buyer. So dealers will either build the tax into their sales prices, or most buyers will do that for them when agreeing to deals.
As Whitman surely knows, if dealers have to take 6% less on transactions than at other shows in the country, guess which regional show will die a quick death?
Either that, or Baltimore will be even more of a wholesale trade show than it is already. Which might be fine. Then they can cut out weekends altogether, and the whole thing can be a dealer to dealer one day affair.
Maryland can pull this with their own residents, because they have no choice. Trade shows are mobile, and can easily avoid any location that is inhospitable. Just ask Philadelphia.
If they think coin collectors are a easy source of some quick cash, they are going to learn the hard way that they are far from easy pickins'. Just ask all the people that go an hour out of their way to avoid paying $20 to park in Orlando.
No one is going accept 6% as the cost of doing business in Baltimore. They will either be exempt, or just avoid Baltimore entirely. Before the show just closes for good, Maryland will collect far less from the tax on show transactions than it will lose in taxes on all the ancillary transactions (food, lodging, parking) from people who stay away.
.> @Sweetpie said:
They won't care....Maryland is a tax grab state. Consider it a done deal.
I don't care in the slightest about Baltimore as a venue, but it is important to operate using the facts.
According to the legislation, there is a carve out where transactions occurring at the Baltimore Convention Center are exempt from sales tax.
Sucks for dealers planning to do business at the hotels instead
SOURCE: https://www.marylandcomptroller.gov/content/dam/mdcomp/tax/legal-publications/alerts/tax-alert-sales-and-use-tax-updates.pdf
III. Additional Sales and Use Tax Exemption Changes
D. Repeal of Certain Exemptions
Pursuant to Section 4 of Chapter 604 of the Acts of 2025, the following exemptions from the
sales and use tax are repealed effective July 1, 2025:
...
2. A sale of precious metal bullion or coins with a sale price greater than $1,000, **except
for sales that occur at the Baltimore Convention Center. **
Thanks for that important clarification @hedgefundtradingdesk
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Oh no, this is getting in way over my head.
But I did a few quick checks and am now wondering if basically nothing has changed for the Baltimore CC sale of precious metals and coin. That is was it previously also tax exempt for sales over $1000.
@hedgefundtradingdesk
From the link you provided it appears that is saying the $1000 exemption for precious metals is repealed except for sales at the Baltimore CC the exemption still applies. That is precious metal sales (and coin) at Baltimore CC still have the exemption for sales over $1000. Not that all sales are exempt.
This appears to go along with my previous post on what the Whitman site had:
"In Maryland, as of November 1, 2025, there is no sales tax on transactions of coins and bullion over $1,000 as long as the sale occurs in the Baltimore Convention Center. Sales under $1,000 are subject to sales tax."
Don't know if this Sovos is good or not but they write it similarly as:
https://sovos.com/regulatory-updates/sut/maryland-narrows-bullion-exemption/
"In Maryland, the purchase price of precious metal bullion or coins were exempt from sales tax if the taxable amount exceeded $1,000. On May 20, 2025, House Bill 352 was signed into law. The legislation provides, effective July 1, 2025, that for the exemption to apply, precious metals bullion or coins must also be purchased at the Baltimore Convention Center."
Greysheet was not so clear with:
https://www.greysheet.com/news/story/governors-of-maryland-and-washington-repeal-coin-and-bullion-sales-tax-exemptions/0
"While a narrow, tailored exemption was preserved for events held at the Baltimore Convention Center, all other retail transactions will be subject to Maryland’s 6% sales tax beginning July 1, 2025."
https://www.greysheet.com/news/story/governors-of-maryland-and-washington-repeal-coin-and-bullion-sales-tax-exemptions/0
Now going back to how I started, about has anything changed at Baltimore CC, I found the previous exemption (has 2024 label) and it appears to only state the above $1000 and nothing special about no tax at all at Baltimore CC (so same exemption at Baltimore CC as other locations).
So perhaps there is no change from previous and there has not been many 'focusing'
on this tax at the show.
https://youtube.com/watch?v=hYCRaWPlTIE Sophie Lloyd, guitar shred cover of Panama (Van Halen)
https://youtube.com/watch?v=dOV1VrDuUm4 Ted Nugent, Hibernation, Live 1976
RLJ 1958 - 2023
HI all. Some clarification from the Expo team:
Sorry for any confusion, the Whitman Expo website had some obsolete sales tax info posted.
As of now the sales and use tax exemption at the BCC is still in effect, no threshold or qualifiers. Of course that is always subject to future change based on state laws. Our website will soon reflect the following:"Under Maryland law, sales of precious metal bullion and coins that occur at the Baltimore Convention Center are exempt from Maryland sales and use tax.
All other taxable merchandise sold at the show remains subject to Maryland sales tax."If you have anymore questions, don't hesitate to email Christy at info@whitmanexpo.com
Hope to see you in March!
Whitman Brands: President/CEO (www.greysheet.com; www.whitman.com)
PNG: Executive Director (www.pngdealers.org)