Nebraska Precious Metals Sales Tax
What Precious Metals Are Taxed in Nebraska?
Sales Tax on Precious Metals (Coins and Bars) in Nebraska
If you are buying or selling gold, silver, platinum, or palladium coins and bars in Nebraska, here is the most current information regarding sales tax.
Does Nebraska Charge Sales Tax on Precious Metal Coins and Bars?
Nebraska does NOT charge sales tax on bullion and coins.
Effective January 1, 2025, the definition of “bullion” is expanded to include bars, ingots, medallions, coins, notes, leaf, foil, and film made of gold, silver, platinum, palladium, or any combination of these metals, as long as the value depends primarily on the metal content.
This exemption applies to both state and local sales tax.
Capital Gains Tax on Precious Metals
Effective January 1, 2025, Nebraska also exempts from state income tax any capital gains or losses derived from transactions involving gold or silver bullion, as reported to the IRS for federal tax purposes.
Summary Table: Nebraska Sales Tax on Precious Metals Coins and Bars
| Product Type | State & Local Sales Tax | Notes |
|---|---|---|
| Bullion coins and bars | Exempt | Gold, silver, platinum, palladium, etc. |
| Legal tender coins, notes | Exempt | U.S. or foreign, value based on metal |
Disclaimer
Disclaimer: Sales tax laws and rates regarding precious metals coins and bars in Nebraska may change without notice. This page provides general guidance only. Please consult the Nebraska 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 Nebraska, these transactions are tax-free at both the state and local levels as of January 1, 2025. Always verify your specific products and stay updated with the Nebraska 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.
