Virginia Sales Tax for Precious Metals
State code §58.1-609.1(19) exempting 90% bullion and legal tender coins was extended through 6/30/2028.
Non-legal tender numismatics and palladium bullion are subject to sales tax. Accessories and copper products are also subject to sales tax.
Virginia Tax Code - Sales Tax Exemptions For Precious Metals
Virginia House Bill 936, amends §58.1-609.1 of the Code of Virginia
19.) Sales tax exemption; gold, silver, and platinum bullion. Extends from June 30, 2022, to June 30, 2025, the sunset date for the sales tax exemption for gold, silver, and platinum bullion and legal tender coins. The bill eliminates the limitation that only purchases in excess of $1,000 are eligible for the exemption. Sales tax exemption; gold, silver, and platinum bullion. Extends from June 30, 2022, to June 30, 2025, the sunset date for the sales tax exemption for gold, silver, and platinum bullion and legal tender coins. The bill eliminates the limitation that only purchases in excess of $1,000 are eligible for the exemption.
Virginia House Bill 1600, extended the bullion exemption to June 30, 2026
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