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Mississippi Precious Metals Tax Information
As of July 1, 2023, Mississippi has enacted a sales tax exemption for the sale of coins, currency, and bullion. This means there is no longer a state sales tax on precious metals in Mississippi.
However, it's important to note that this exemption applies to the state sales tax. Investors may still be subject to federal taxes on capital gains from the sale of these assets.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF MISSISSIPPI. 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 MISSISSIPPI 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 MISSISSIPPI, WE SUGGEST YOU VISIT THE MISSISSIPPI DEPARTMENT OF REVENUE LOCATED AT https://www.dor.ms.gov/.
