Kansas Tax Regulations for Precious Metals
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Kansas Sales Tax for Precious Metals

By Gainesville Coins
Published April 23, 2020

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:

EXEMPT

  1. Refined gold, silver, platinum, or palladium bullion bars, ingots, or commemorative medallions, sold according to its precious metal content and not form;

  2. 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.

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