Indiana Tax Regulations for Precious Metals
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Due to unprecedented demand for gold and silver bullion along with the fluid situation as it relates to COVID-19, all orders may have further extended delays which are past our normal processing time and any already stated product delay dates. We are working around the clock to ship all orders as soon as possible.

Indiana Sales Tax for Precious Metals

Published: April 23, 2020

As defined in state code IC 6-2.5-5-47, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to an Indiana address:

EXEMPT

  1. Legal tender;
  2. Bullion coins that meet the requirements for inclusion in a self-directed IRA
  3. Bullion bars that meet the requirements for inclusion in a self-directed IRA

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

Our Indiana Taxpayer Identification Number is 0167231863-900. Registered Retail Merchant Certificate

Indiana Tax Code - Sales Tax Exemptions For Precious Metals

IC 6-2.5-5-47 Coins, bullion, and legal tender.

Sec. 47. Transactions involving the sale of or the lease or rental of storage for:

(1) coins that are permitted investments by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m);
(2) bullion that would be a permitted investment by an individual retirement account or by an individually-directed account under 26 U.S.C. 408(m) if the bullion was in the physical possession of a trustee; or
(3) legal tender;

are exempt from the state gross retail tax.

As added by P.L.195-2016, SEC.1. Amended by P.L.239-2017, SEC.9.

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