Before purchasing gold and silver without taxes, it's important to review your local and state regulations. At Bullion Exchanges, we strive to simplify this process for our customers by providing an updated summary of tax laws. We encourage you to utilize this resource to understand your state's tax requirements. Remember, consulting a tax professional and referring to state websites for the latest information is advisable. Online sales tax varies by state. When ordering online and shipping to another state, the destination state's tax regulations apply. At Bullion Exchanges, sales tax is calculated during checkout based on the product's taxability and the recipient's address tax rates. Tax-free purchases of gold and silver are available for customers in Alaska, Delaware, New Hampshire, Montana, and Oregon, where online sales tax is not imposed as of 2020. Below is a list of states that enforce online sales tax and specify which bullion and/or numismatic products are affected by this tax.
Bullion and Collectible State Sales Tax |
If you're interested in understanding how state sales tax could impact your ITM Trading order, simply select the state from the list on the left. Ensure to review the tax rates for the state where your order will be delivered, rather than your residence. Please be aware that while we aren't presently collecting sales tax in all states, this may evolve in the future with the expansion of sales tax laws.
When making purchases through ITM Trading, it's important to note that state sales tax regulations are applicable to orders dispatched within specific states. Within these states, some impose sales tax solely on jewelry or non-precious metal items, while others mandate tax collection irrespective of the items in your order. As each state enforces varying sales tax rates based on the items purchased, ITM Trading recommends utilizing our interactive map prior to your purchase to ascertain the exact charges applicable to your transaction.
Alabama |
Alabama sales tax applies to specific products only, all other products are exempt. Alabama collects flat-rate Simplified Sellers Use Tax of 8% on:
Alaska |
As of this writing, Alaska does not collect sales tax. For more updated information, please check the Alaska State Department of Revenue website.
Arizona |
Arizona does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:
Arkansas |
Arkansas does not collect sales tax on gold, silver, platinum, or palladium bullion products. Sales tax applies to specific items listed below:
California |
California sales tax is collected on specific products listed below:
All other products are exempt from sales tax in California.
Colorado |
Colorado sales tax only applies to specified products listed below:
All other products are exempt from sales tax in Colorado.
Connecticut |
Connecticut sales tax only applies to specified products listed below:
All other products are exempt from sales tax in Connecticut.
Delaware |
As of this writing, Delaware does not collect sales tax. For more updated information, please check the Delaware State Department of Revenue website.
District of Columbia |
Washington DC sales tax applies to all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.
Florida |
As of July 1, 2021, Florida sales taxes are based on the transaction total, not on a per-item basis. However, there are exemptions. Sales tax exemptions for Florida include:
Georgia |
Georgia sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Georgia.
Hawaii |
Hawaii applies general excise taxes on all items sold and shipped to the state. The sales tax rate is calculated upon checkout. However, Bullion Exchanges does not currently ship to Hawaii.
Idaho |
Idaho sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Idaho.
Illinois |
Illinois sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Illinois.
Indiana |
Indiana sales tax is applied only to specified products. Indiana law provides a sales tax exemption for IRA and IDA eligible coins. Coins exempt from Indiana Sales tax include American Eagle Coins and American Eagle Proof Coins, as well as the following:
Note: Transactions involving the sale of the following coins do not qualify for tax exemptions in Indiana and remain subject to tax, as they fall under the “collectible” category and are not permitted investments by an IRA or by an IDA:
Other items taxable under Indiana state law include:
Iowa |
Iowa sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Iowa.
Kansas |
Kansas sales taxes apply to specific products listed below:
Bullion Exchanges is registered and responsible for collecting tax through eBay.
All other products are exempt from sales tax in Kansas .
Kentucky |
Kentucky applies excise taxes on all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.
Louisiana |
Louisiana sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Louisiana.
Maine |
Maine sales tax applies to all items Bullion Exchanges sells and ships to the state. The sales tax rate is calculated upon checkout.
Maryland |
Maryland sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Maryland.
Massachusetts |
Massachusetts sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Massachusetts.
Michigan |
Michigan sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Michigan.
Minnesota |
Minnesota sales taxes apply to specific products listed below:
This exemption does not apply to the following:
Mississippi |
Mississippi sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Mississippi.
Missouri |
At this time, Missouri does not require remote sellers to collect sales tax. This information is subject to change, so check on the official Missouri Department of Revenue website for up-to-date information.
Montana |
As of this writing, Montana does not collect sales tax as a whole. For more updated information, please check the Montana State Department of Revenue website.
Nebraska |
Nebraska sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Nebraska.
Nevada |
Nevada sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Nevada.
New Hampshire |
As of this writing, New Hampshire does not collect sales tax as a whole. For more updated information, please check the New Hampshire State Department of Revenue website.
New Jersey |
New Jersey sales tax applies to all items Bullion Exchanges sells and ships to the state of New Jersey. The sales tax rate is calculated upon checkout.
New Mexico |
New Mexico sales tax applies to all items Bullion Exchanges sells and ships to the state of New Mexico. The sales tax rate is calculated upon checkout.
New York |
New York sales tax is applied only to specified products.Single sales transactions are taxed, which is calculated based on individual invoices, not on a line-item basis. Anything not listed here is not taxable by New York. Sales tax for New York applies to:
Please note: sales tax does not apply to your purchase if the total amount exceeds $1,000 USD and the following premiums are not surpassed:
If you are purchasing bars and/or ingots, the total sales amount must not exceed 115% of the cash price of such metals.
North Carolina |
North Carolina sales taxes apply to specific products listed below:
All other products are exempt from sales tax in North Carolina.
North Dakota |
North Dakota sales taxes apply to specific products listed below:
All other products are exempt from sales tax in North Dakota.
Ohio |
Ohio sales tax is applied only to specified products. Under House Bill 110, any items not listed here are tax exempt by the state of Ohio as of October 1st, 2021. Sales tax for Ohio applies to:
Oklahoma |
Oklahoma sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Oklahoma.
Oregon |
As of this writing, Oregon does not collect sales tax as a whole. For more updated information, please check the Oregon State Department of Revenue website.
Pennsylvania |
Pennsylvania sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Pennsylvania.
Rhode Island |
Rhode Island sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Rhode Island.
South Carolina |
South Carolina sales taxes apply to specific products listed below:
All other products are exempt from sales tax in South Carolina.
South Dakota |
South Dakota sales taxes apply to specific products listed below:
All other products are exempt from sales tax in South Dakota.
Tennessee |
Tennessee sales taxes apply to specific products listed below:
Texas |
Texas sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Texas.
Utah |
Utah sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Utah.
Vermont |
Vermont sales tax applies to all items Bullion Exchanges sells and ships to the state of Vermont. The sales tax rate is calculated upon checkout.
Virginia |
Virginia sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Virginia.
Washington |
Washington State sales taxes apply to specific products listed below:
All other products are exempt from sales tax in Washington.
West Virginia |
West Virginia sales tax is applied only to specified products. Anything not listed here is not taxable by West Virginia. Sales tax for West Virginia applies to:
All sales of investment metal bullion or coins, that are either gold silver, platinum, or palladium, are exempt from sales tax in West Virginia.
Wisconsin |
Bullion Exchanges no longer collects sales tax on bullion products in Wisconsin if they consist of at least 35% gold, silver, copper, platinum, or palladium. Taxable Items Include:
Wyoming |
Wyoming sales tax is applied only to specific products listed below:
All other products are exempt from sales tax in Wyoming.