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Bullion Sales Tax

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Many states have sales tax exemption for bullion purchases.

State Status
Alabama “Therefore, exemption is allowed only if the sale is for resale in the regular course of business or if the gold becomes an ingredient or a component of a new article for sale. Sales to purchasers for investment or speculation are fully taxable” Source
Alaska No state sales tax, though local governments may still tax. Source
California Exemption when over $1500. No tax on California Gold bullion coins. Source
Colorado No sales tax on any amount of bullion. Source
Florida Exemption when over $500 Source
Illinois Complete exemption. Source
Iowa No sales tax on any amount of bullion. Source
Massachusetts Exemption when over $1000. Source
Michigan No sales tax on Gold, Silver, and Platinum bullion Source
Minnesota

All sales fully taxable unless reseller.

Source

Pennsylvania No sales tax on Coins and Bullion
South Dakota No sales tax on any amount of bullion. Source
Texas Exemption when over $1000. Source
Washington

No sales tax on any amount of bullion.

Source

Wyoming No sales tax on any amount of bullion.

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