Idaho Precious Metals Sales Tax
What Precious Metals Are Taxed in Idaho?
Sales Tax on Precious Metals (Coins and Bars) in Idaho
Are you looking to buy or sell gold, silver, platinum, or palladium coins and bars in Idaho? Here’s the latest on state sales tax rules for bullion, coins, and collectibles.
Does Idaho Charge Sales Tax on Precious Metal Coins and Bars?
Idaho does NOT charge state sales tax on precious metal coins and bullion bars.
This exemption includes:
Gold, silver, platinum, and palladium bullion bars
Legal tender coins made from precious metals
The exemption is outlined in Idaho Statute §63-3622V.
Local sales tax:
Idaho does not allow local jurisdictions to impose additional sales taxes on precious metals coins and bars.
Summary Table: Idaho Sales Tax on Precious Metals Coins and Bars
| Product Type | State Sales Tax | Local Sales Tax | Notes |
|---|---|---|---|
| Bullion coins and bars | No | No | Exempt statewide |
| Legal tender coins | No | No | Exempt statewide |
Official Government Resources
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Idaho may change without notice. This page provides general guidance only. Please consult your local tax authority or a qualified tax professional, and check official state resources for the most current and accurate information before making any precious metals transactions.
If you want to buy or sell precious metal coins and bars in Idaho, these transactions are tax-free. Always verify your specific products and stay updated with the Idaho State Legislature.
Sales tax is assessed according to where one is shipping the purchase to.
Safe Haven Metal utilizes an advanced sales tax computation system to determine the applicable sales tax on precious metals transactions based on the purchaser’s ZIP code. This system is designed to ensure that the most accurate pricing and corresponding tax calculations are applied to each order.
However, Safe Haven Metal may not have an established economic nexus in every state or jurisdiction. In instances where Safe Haven Metal is not obligated to collect sales tax, and such tax is nonetheless applicable under state or local law, the purchaser is solely responsible for reporting, remitting, and paying any such taxes directly to the appropriate taxing authority.
Safe Haven Metal disclaims any liability for a purchaser’s failure to properly report or remit taxes that may be due in connection with their purchase.
