Nevada Precious Metals Tax
What Precious Metals Are Taxed in Nevada?
The Silver State was always destined for riches. Home to the some of the largest gold and silver mines in the world, you can be Nevada has laws on their books. This article does not discuss Tax on Gross Revenue of Gold and Silver Mining Businesses as set out in Nevada Revised Statutes §§363D.010-363D.310
Definitions Specific to Precious Metal Products in Nevada
‘“Precious metal’ means the following in either coin, bullion or other form:
1. Silver; 2. Gold; 3. Platinum; 4. Palladium; 5. Copper; and 6. Such other items as the Administrator may specify by regulation or order.” Nev. Rev. Stat. § 91.140
What Precious Metals Are Taxed in Nevada?
Since Nevada does not tax the sale of gold, silver or platinum this article would be rather barren. Since you are here, and since we did the research, here are some interesting facts to know.
Subject to Judgment Seizure
Nev. Rev. Stat. § 21.100 (“3. Nothing in this section shall be construed so as to exempt from execution any numismatic collection, such as gold and silver coins, paper currency, bank notes, legal tender currency, national or state bonds, or any negotiable note, or valuable copper, bronze, nickel, platinum or other coin.”)
Not Taxable as a Personal Asset
Nev. Rev. Stat. § 361.069 (“1. Except as otherwise provided in this section, household goods and furniture are exempt from taxation. 4. As used in this section: (a) “Household goods and furniture” includes, without limitation, the following items if used in a residence: (1) Clothing; (2) Personal effects; (3) Gold and silver; (4) Jewelry; (5) Appliances that are not attached to real property or a mobile or manufactured home;”)
Protect Yourself
Most states require delivery after payment in good funds within 28 days, Nevada however, requires delivery in 7 days. Nev. Rev. Stat. § 91.210(1)(b)
Conclusion
Please note that this is not a comprehensive review of sales tax laws, only a brief overview of sales tax laws and requirements that may currently affect your transactions with Safe Haven Metal when shipping to the state of Georgia. Hyperlinks are provided to the state laws, therefore if at any time the text on this page differs from the state’s, you must follow the state’s text.
Assessing sales tax is according to where one is shipping the purchase to.
Safe Haven Metal uses an advanced sales tax computation system to calculate the correct precious metals’ sales tax applicable to your zip code. Making your purchase the best price with the most accurate tax automatically calculated for you. Now all you need to do is figure out which precious metals you are going to buy next with Safe Haven Metal.
