Michigan § 205.94u Storage, use, or consumption of investment coins and bullion; applicability of tax; definitions.

Michigan Statutes

§ 205.94u — Storage, use, or consumption of investment coins and bullion; applicability of tax; definitions.

Michigan § 205.94u

Ch. 205TAXATION

Act 94 of 1937USE TAX ACT (205.91-205.111)

This text of Michigan § 205.94u (Storage, use, or consumption of investment coins and bullion; applicability of tax; 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 § 205.94u (2026).

Text

USE TAX ACT (EXCERPT) Act 94 of 1937 205.94u Storage, use, or consumption of investment coins and bullion; applicability of tax; definitions. Sec. 4u.

(1)Beginning July 7, 1999, the tax under this act does not apply to the storage, use, or consumption of investment coins and bullion.

(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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USE TAX ACT (EXCERPT) Act 94 of 1937 205.94u Storage, use, or consumption of investment coins and bullion; applicability of tax; definitions. Sec. 4u. (1) Beginning July 7, 1999, the tax under this act does not apply to the storage, use, or consumption of investment coins and bullion. (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.