Kansas Sales Tax for Precious Metals
As defined in state code HB 2140, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Kansas address:
Refined gold, silver, platinum, or palladium bullion bars, ingots, or commemorative medallions, sold according to its precious metal content and not form;
Gold and silver coins.
All other bullion or numismatic items and accessories sold by Gainesville Coins are subject to Kansas state sales tax.
Our Tax Account Number is 005-XXXXX9059F-01. Retailers' Compensating Use Tax Registration Certificate effective 02/04/2020.
Kansas Tax Code - Sales Tax Exemptions For Precious Metals
HB 2140 (June 1. 2019)
AN ACT concerning sales and compensating use tax; relating to countywide retailers' sales tax, election, Dickinson, Jackson, Russell, Thomas and Wabaunsee counties, rates and election for Finney county, director of taxation; exemptions, sales of certain coins or bullion; amending K.S.A. 2018 Supp. 12-187, 12-189 and 79-3606 and repealing the existing sections.
Sec. 3. K.S.A. 2018 Supp. 79-3606 is hereby amended to read as follows: 79-3606. The following shall be exempt from the tax imposed by this act:
(mmmm) all sales of gold or silver coins; and palladium, platinum, gold or silver bullion. For the purposes of this subsection,"bullion" means bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.
Tax By State
- New Jersey
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- New York
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- Rhode Island
- South Carolina
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- West Virginia