Kansas Precious Metals Sales Tax
What Precious Metals Are Taxed in Kansas?
Sales Tax on Precious Metals (Coins and Bars) in Kansas
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Kansas, here is the most current information regarding sales tax.
Does Kansas Charge Sales Tax on Precious Metal Coins and Bars?
Kansas does NOT charge sales tax on precious metal coins and bullion.
As of July 1, 2019, Kansas law provides a sales tax exemption for:
All sales of gold or silver coins
All sales of palladium, platinum, gold, or silver bullion
For the purposes of this exemption, “bullion” means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or any combination thereof, where the value depends on the metal content and not the form.
This exemption is outlined in Kansas Department of Revenue Notice 19-02, which implements the provisions of House Bill 2140 and K.S.A. 79-3606(mmmm).
Summary Table: Kansas Sales Tax on Precious Metals Coins and Bars
| Product Type | Sales Tax Status | Notes |
|---|---|---|
| Bullion coins and bars | Exempt | Gold, silver, platinum, palladium |
| Legal tender coins | Exempt | Gold, silver |
Official Government Resource
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Kansas may change without notice. This page provides general guidance only. Please consult the Kansas Department of Revenue or a qualified tax professional 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 Kansas, these transactions are tax-free. Always verify your specific products and stay updated with the Kansas Department of Revenue.
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.
