Indiana Sales Tax for Precious Metals
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:
- Legal tender;
- Bullion coins that meet the requirements for inclusion in a self-directed IRA
- 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.
Tax By State
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia