Arizona

Gold and Silver are exempt from sales tax in the state of Arizona

• The legal exemption for the sale of precious-metal bullion and “monetized bullion” (i.e. coins) comes from the state statute A.R.S. § 42‑5061 (Retail classification; definitions). That statute defines “precious metal bullion” and “monetized bullion” and states that their sale to the “ultimate consumer” is exempt from the state’s transaction privilege tax (the functional equivalent of sales tax).
• Additionally, the state passed House Bill 2014 (HB 2014) which was signed into law in 2017. HB 2014 removed state-level capital gains / income taxation on “specie” (i.e. precious-metal coins) when they are exchanged as legal tender. That makes gold and silver coins treated more like “money” under Arizona law, for tax purposes. The effective date for HB 2014 was August 9, 2017.

Resources:

https://azdor.gov/
https://www.azleg.gov/ars/42/05061.htm?utm_source

Zang International is not a tax advisory firm, and this information is provided for general educational purposes only. It should not be relied upon as legal or tax advice and does not represent a complete summary of applicable sales tax laws or requirements in any state or jurisdiction. Tax laws vary by location and are subject to change. For the most accurate and up-to-date guidance, please consult a qualified tax professional or the official Department of Revenue website for your state.