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Tennessee Precious Metals Tax Information
As of May 27, 2022, Tennessee has removed sales tax on gold, silver, platinum, and palladium bullion and coins. This means there is no sales tax on these precious metals when purchased in Tennessee.
Taxable Products in Tennessee
- Accessory Items. Items such as holders, tubes or coin flips.
- Processed Items. Precious Metals that have been processed by third parties into items valued on more than their Precious Metal content, such as jewelry, statues or colorized coins.
- Currency Not in Circulation. Certain currency that is not currently in circulation may still be taxed.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TENNESSEE. 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 TENNESSEE 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 TENNESSEE, WE SUGGEST YOU VISIT THE TENNESSEE DEPARTMENT OF REVENUE LOCATED AT https://www.tn.gov/revenue.html.
