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

Michigan Statutes

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

Michigan § 205.54s

Ch. 205TAXATION

Act 167 of 1933GENERAL SALES TAX ACT (205.51-205.78)

This text of Michigan § 205.54s (Sale of investment coins and bullion; exemptions; definitions.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 205.54s (2026).

Text

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.

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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.