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Michigan Legislature
Michigan Compiled Laws Complete Through PA 530 of 2018
House: Adjourned until Tuesday, February 26, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, February 26, 2019 10:00:00 AM

Michigan Legislature

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Section 205.54s

GENERAL SALES TAX ACT (EXCERPT)
Act 167 of 1933


205.54s Sale of investment coins and bullion; exemptions; definitions.

Sec. 4s.

(1) A sale of investment coins and bullion is exempt from the tax under this act.

(2) As used in this section:

(a) “Bullion” means gold, silver, or platinum in a bulk state, where its value depends on its content rather than its form, with a purity of not less than 900 parts per 1,000.

(b) “Investment coins” means numismatic coins or other forms of money and legal tender manufactured of gold, silver, platinum, palladium, or other metal and issued by the United States government or a foreign government with a fair market value greater than the face value of the coins.


History: Add. 1999, Act 105, Imd. Eff. July 7, 1999 ;-- Am. 2004, Act 173, Eff. Sept. 1, 2004


© 2017 Legislative Council, State of Michigan

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