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Does your state tax PM.Heres a list.

Joined
Mar 3, 2013
Messages
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Location
CA
#1
This List displays taxes on gold , and silver bullion purchases , along with any other regulations, and tax codes. Some states charge you sales tax on all bullion purchases, while some states exempt you from paying sales tax if you purchase over the allotted amount at one purchasing time. Exemptions generally cover precious metals such as gold, silver, platinum, and palladium.



A C D F G H I K L M N O P R S T U V W

A
• Alabama – State tax 4% on all bullion, plus city sales tax of 4 to 5%
• Alaska – State tax 0%, city sales tax vary.
• Arizona – State tax 0% on all precious metals. City sales tax 0%.
• Arkansas – State tax on all Gold, Silver, Paper Money, and all other precious metals.

C
• California – Exempt on any purchase over $1500 on all gold, silver, and other precious metals.
• Colorado – No state tax on any precious metals, but local cities may charge sales tax.
• Connecticut – Sales tax exempt with a purchase of over $1000 worth in bullion, or other precious metal.

D
• Delaware – No sales tax on any precious metal, paper currency, or bullion purchases.
• District of Colombia – Sales tax on all metals, and paper money.

F
• Florida – Exempt on any purchase of over $500 in gold, silver, and all other bullion items.

G
• Georgia – No tax on any collecting of precious metals which includes gold, silver, paper money, and coins.

H
• Hawaii – General excise tax on all bullion, coins, and paper money. No exemptions currently in Hawaii.

I
• Idaho – No sales tax currently on any metal coinage.
• Illinois – No sales tax from the state, or local cities on any gold, silver, or any other metals.
• Indiana – Sales tax on all gold bullion, and other precious metals, and money.
• Iowa – No sales tax on any gold, silver, coinage, or paper money.

K
• Kansas – Sales tax on everything precious metals which includes coins, gold, silver, and all other metals.
• Kentucky – Sales tax on all coins, and related metals, and no exemptions exist in Kentucky.

L
• Louisiana – Exemption on sales tax on any purchase of over $1,000 for any bullion, or metal products.

M
• Maine – Sales tax on all precious metals, coins, and related monetary items.
• Maryland – Exempt from paying sales tax on purchases of over $1,000 worth of precious metals, coins, or bullion.
• Massachusetts – Exempt when buying over $1,000 worth of bullion, gold, coins, or any other precious metals.
• Michigan – No sales tax is collected at all on any metals, coins, gold, or bullion.
• Minnesota – Sales tax is collected on all monetary items; while having no exemptions in the state.
• Mississippi – No sales tax on any coinage, gold, bullion, or other precious metals in the state.
• Missouri – No sales tax on any metals, but paper money is taxed.
• Montana – State does not tax you on the sale, but some cities do charge a couple % in city tax on all metals, and paper money.

N
• Nebraska – Sales tax on all coins, metals, papers, and any bullion.
• Nevada – Sales tax on anything selling for over 50% face value. Private rounds, and bars are all exempt from this.
• New Hampshire – Sales tax on all coins, metals, rounds, and paper.
• New Jersey – Sales tax on all metals, coins, papers, bars, and rounds.
• New Mexico – Sales tax on everything, and with no exemptions in the state.
• New York – Sales tax on paper money, and coins, but bullion, and other precious metals exempt with purchase of over $1,000 at once.
• North Carolina – Sales tax on all monetary items such as gold, rounds, bars, paper money, and any other metals.
• North Dakota – No sales tax on any precious metals, coins, bars, or paper money.

O
• Ohio – Sales tax on all currency related items. No exemptions in this state.
• Oklahoma – Sales tax on all coins, gold, silver, and paper.
• Oregon – No sales tax on any type of metal, or currency in the state of Oregon.

P
• Pennsylvania – No sales tax on any coins, bullion, gold, or silver, but does tax paper money.

R
• Rhode Island – No sales tax on gold, silver, or other metal, but does tax paper.

S
• South Carolina – No sales tax on anything in the great state of South Carolina at this time.
• South Dakota – No sales tax on any coins, gold, paper, or anything else in South Dakota.

T
• Tennessee – Sales tax collected on all precious metals, coins, gold, and all other currency related products.
• Texas – Precious metals, and coins are exempt when spending over $1,000 per purchase, while paper is not exempt in any circumstance.

U
• Utah – No sales tax on anything in the state of Utah.

V
• Vermont – Sales tax is charged on all coins, metals, and paper in this state.
• Virginia – Sales tax on all monetary related items which includes metals, coins, gold, silver, platinum, palladium, and paper.

W
• Washington – No precious metals are taxed, while paper is always taxed.
• West Virginia – Sales tax on all metals, papers, and coins.
• Wisconsin – Sales tax collected on everything in this state.
• Wyoming – Metals are taxed, while coins, and paper money is taxed differently per local city.