Arizona Tax Regulations for Precious Metals
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Arizona Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

As defined in state code Title 42 §42-5061(21), the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to an Arizona address:

EXEMPT

Reined gold, silver, platinum, rhodium, or palladium bullion bars or ingots,sold according to its precious metal content and not form;Legal tender bullion coins and other money manufactured from gold, silver, or other metals.

All other bullion or numismatic items and accessories sold by Gainesville Coins are subject to Arizona state sales tax.

Our Remote Seller License Number is 21341519. Transaction Privilege Tax License effective 02/01/2020.

Arizona Tax Code - Sales Tax Exemptions For Precious Metals

§42-5061(21)

A. The retail classification is comprised of the business of selling tangible personal property at retail.  The tax base for the retail classification is the gross proceeds of sales or gross income derived from the business.  The tax imposed on the retail classification does not apply to the gross proceeds of sales or gross income from:

21. The sale of cash equivalents and the sale of precious metal bullion and monetized bullion to the ultimate consumer, but the sale of coins or other forms of money for manufacture into jewelry or works of art is subject to the tax and the gross proceeds of sales or gross income derived from the redemption of any cash equivalent by the holder as a means of payment for goods or services that are taxable under this article is subject to the tax.  For the purposes of this paragraph:

(a) “Cash equivalents” means items or intangibles, whether or not negotiable, that are sold to one or more persons, through which a value denominated in money is purchased in advance and may be redeemed in full or in part for tangible personal property, intangibles or services.  Cash equivalents include gift cards, stored value cards, gift certificates, vouchers, traveler's checks, money orders or other instruments, orders or electronic mechanisms, such as an electronic code, personal identification number or digital payment mechanism, or any other prepaid intangible right to acquire tangible personal property, intangibles or services in the future, whether from the seller of the cash equivalent or from another person.  Cash equivalents do not include either of the following:

(i) Items or intangibles that are sold to one or more persons, through which a value is not denominated in money.
(ii) Prepaid calling cards or prepaid authorization numbers for telecommunications services made taxable by subsection P of this section.

(b) “Monetized bullion” means coins and other forms of money that are manufactured from gold, silver or other metals and that have been or are used as a medium of exchange in this or another state, the United States or a foreign nation.

(c) “Precious metal bullion” means precious metal, including gold, silver, platinum, rhodium and palladium, that has been smelted or refined so that its value depends on its contents and not on its form.

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