Sound-Money Association of Maryland

Maryland Politicians Are Punishing Savers — And They Don’t Want You to Notice.

On July 1, 2025, Maryland quietly slipped a new sales tax onto all precious metals purchases — gold, silver, and bullion.

This tax hurts retirees, families, and and anyone who saves with sound money, while dozens of other states protect financial freedom by refusing to impose it.

Why should Marylanders be punished for choosing to save responsibly?

Sign the petition today and demand lawmakers repeal this unjust tax.

Sign the Petition

The Sound-Money Association of Maryland (SAM) - Petition

End Sales Tax on Precious Metals in Maryland

On July 1, 2025, Maryland imposed sales tax on all precious metals purchases—an economic injustice that punishes savers, retirees, and investors who rely on gold and silver as sound money.

We, the undersigned, call on Maryland lawmakers to:

Eliminate all sales taxes on gold, silver, and other precious metals.
Protect savings and financial freedom for Maryland citizens.
Keep Maryland competitive with other states that already exempt precious metals from sales tax.

Sign this petition to support the Sound-Money Association of Maryland (SAM) and demand an end to sales tax on precious metals.

Bill 1 – Sales and Use Tax Repeal on Precious Metals

What it Does:

Repeals the 6% sales and use tax on gold, silver, platinum, and palladium bullion and coins (excluding jewelry and art).

Why it Matters:

Sales tax on precious metals is regressive, hittingseniors, retirees, veterans, disabled, singles and working families the hardest.
Many retirees use gold or silver to preserve their savings — taxing these purchases punishes responsible planning.
Neighboring states already exempt these assets, pulling business and jobs away from Maryland dealers, and coin shows.
Current Maryland law conflicts with federal tax treatment of IRA precious metal investments.

Bill 2 – Capital Gains Exemption on Precious Metals

What it Does:

Creates a Maryland income tax subtraction for gains from selling bullion or coins.

Why it Matters:

Most “gains” in precious metals only reflect inflation — taxing them amounts to taxing the preservation of purchasing power.
Maryland residents in particular retirees selling metals to cover living expenses should not be hit with extra state taxes.
Encourages savings diversification and financial resilience for Maryland residents.

Bill 3 – Maryland Sound Money Legal Tender Act

What it Does:

Recognizes gold and silver — physical or electronic — as lawful money in Maryland.
Requires state agencies to accept electronic specie for taxes and public debts; allows local governments to opt in.
Allows employees to receive part or all of their pay in coin.
Protects Marylanders from seizure, discrimination, or interference when using lawful money.

Why it Matters:

Expands payment options for residents and businesses.
Keeps Maryland law aligned with modern payment technologies and national sound money trends.
Strengthens consumer protections and safeguards private property rights.

Protecting Your Wealth

Protecting Your Wealth

Repeal Sales Tax on Gold & Silver

Maryland Politicians Are Punishing Savers — And They Don’t Want You to Notice.

This Is a Tax on Savers Not the Rich

Who does this hurt?

The Sound-Money Association of Maryland (SAM) - Petition

End Sales Tax on Precious Metals in Maryland

Sign the Petition to STOP THE TAX

45 States Don’t Tax Precious Metals. Why Should Maryland?

This tax will:

They Already Snuck It Through — Now We Must Repeal It.

Let’s make noise instead.

Tell them:

📞 Want to call your legislator directly?

CONTACT YOUR SENATOR AND REPRESENTATIVE

Help Support Our Reform Package

Maryland Sound Money Reform Package – 2026 Session

Bill 1 – Sales and Use Tax Repeal on Precious Metals

Bill 2 – Capital Gains Exemption on Precious Metals

Bill 3 – Maryland Sound Money Legal Tender Act

Protecting Retirement Savings • Reducing Regressive Taxes • Expanding Financial Choice

Protecting Your Wealth

Protecting Your Wealth

Repeal Sales Tax on Gold & Silver

Maryland Politicians Are Punishing Savers — And They Don’t Want You to Notice.

This Is a Tax on Savers Not the Rich

Who does this hurt?

The Sound-Money Association of Maryland (SAM) - Petition

End Sales Tax on Precious Metals in Maryland

Sign the Petition to STOP THE TAX

45 States Don’t Tax Precious Metals. Why Should Maryland?

This tax will:

They Already Snuck It Through — Now We Must Repeal It.

Let’s make noise instead.

Tell them:

📞 Want to call your legislator directly?

CONTACT YOUR SENATOR AND REPRESENTATIVE

Help Support Our Reform Package

Maryland Sound Money Reform Package – 2026 Session

Bill 1 – Sales and Use Tax Repeal on Precious Metals

Bill 2 – Capital Gains Exemption on Precious Metals

Bill 3 – Maryland Sound Money Legal Tender Act

Protecting Retirement Savings • Reducing Regressive Taxes • Expanding Financial Choice

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