Alabama Precious Metals Tax Information



 

Alabama exempts sales and use tax on bullion, including coins, as well as money, gold, silver, and platinum through May 31, 2028. The exemption also applies to a combination of any of these metals. To qualify, the bullion must be refined, contain at least 80% of the precious metal, and have a sales price that fluctuates with the market price of the metal. The exemption does not apply to jewelry or works of art.


PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALABAMA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF ALABAMA THAT RELATE TO THE READER’S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ALABAMA, WE SUGGEST YOU VISIT THE ALABAMA DEPARTMENT OF REVENUE LOCATED AT https://www.revenue.alabama.gov/.