This tax guide provides a detailed and technical, yet easy-to-read, overview of the state sales tax rules for BOLD Precious Metals in Louisiana. BOLD is now required to collect state sales tax in Louisiana. The following information details the current state requirements for Louisiana.
"In Louisiana, the sales tax rules for precious metals depend on the type of item"
Rare or antique coins, once used as legal tender in the United States or other countries, whose sales price is based on rarity, demand, condition, and mintage. Uncirculated and proof coins fall under this category.
Rare or antique coins made from refined gold or silver, once used as legal tender in the United States or other countries, whose sales price is based on rarity, demand, condition, and mintage.
Precious metal coins crafted from refined gold, silver, platinum, or palladium and produced in various nations, whose worth is influenced by the ever-changing market value of these valuable metals. According to the rules outlined in 26 USCS § 408(m), these coins can be added to an Individual Retirement Account (IRA) and are commonly purchased as investment instruments.
Bars, ingots, or other forms containing refined gold of 99.5% purity, refined silver of 99.9% purity, refined platinum of 99.95% purity, or refined precious metals of 99.95% purity or greater.
Paper currency, formerly accepted as official payment in the United States and other nations, now holds value determined by its scarcity, market demand, and state of preservation.
Coins made from refined precious metals minted in the United States or other countries, commonly bought as investments. Their value is linked to the fluctuating market price of precious metals and they are eligible to be held within an IRA under 26 USCS § 408(m).
These bars, ingots, or other forms contain refined precious metals with a purity of 90% or higher but fall short of meeting the minimum fineness standards. They encompass refined gold, silver, platinum, and palladium.
To file a Reseller Certificate with BOLD Precious Metals, please email it to [email protected] or mail it to BOLD Precious Metals, LLC, 7301 Ranch Road 620 N Suite 155-194, Austin, TX 78726-4537. As long as your Reseller Certificate is still in effect, you are not subject to sales tax on subsequent purchases after receiving it.
If you have any questions or need assistance, please contact BOLD's customer support team:
This information doesn't cover all sales tax laws and requirements in Louisiana. It only provides a detailed and technical overview of the current sales tax laws and requirements for transactions with BOLD Precious Metals. For further research on sales tax laws and requirements in Louisiana, we recommend visiting the Louisiana Department of Revenue.
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