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Texas Precious Metals Tax Information
In the state of Texas, there is no sales tax on the purchase of most precious metals, including gold, silver, platinum bullion, and numismatic coins. However, there are a few exceptions:
Taxable Products in Texas
- Palladium Bullion Products.
- Platinum and Palladium Bullion Coin.
- Certain Currency.
- Certain Copper Products.
- Accessory Items.
- Processed Items.
These exceptions mean that if you purchase these specific items in Texas, you may be subject to sales tax. For all other precious metals, there is no sales tax.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF TEXAS. 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 TEXAS 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 TEXAS, WE SUGGEST YOU VISIT THE TEXAS COMPTROLLER OF PUBLIC ACCOUNTS LOCATED AT https://comptroller.texas.gov/taxes/.
