Rhode Island: bullions and coins (paper money is taxable).Pennsylvania: bullions and coins are exempt (paper money is taxable).Oklahoma: gold, platinum, palladium and other bullion items ( effective November 2014).North Dakota: coins, paper money, precious metals.New Hampshire: there is no sales tax in NH.Nevada: private mint bars and rounds, and coins sold for less than 50% of the face value of the coins (anything that sells for more than 50% of its face value is taxable).Nebraska: bullion and currency ( effective April 2014).Montana: there is no state sales tax on coins, paper money or precious metals, but local taxes may apply.Massachusetts: bullion, coins and paper money transactions of more than $1,000 are exempt.Maryland: numismatic items and bullion transactions of more than $1,000.The zero rate is set to resume on July 1, 2018. However, these products are temporarily subject to tax under Acts 25 and 26, 2016. Louisiana: gold, silver or numismatic coins, or platinum, gold or silver bullion are generally exempt (prior to the enactment of H 682, only transactions of more than $1,000 were exempt).Iowa: coins, paper money, precious metals.Indiana: rare coins, paper money and precious metals exempt beginning July 1, 2016.Illinois: coins, paper money, precious metals.Georgia: exempt coins, paper money, precious metals.Connecticut: rare and antique coins and paper money exempt (Bullion is only exempt when over $1,000).Colorado: exempt at the state level may be taxed at the local level.California: coins and bullion when over $1,500 (paper money is taxable).Arizona: coins, paper money, precious metals.Alaska: exempt at the state level may be taxed at the local level.Read on to learn what’s exempt and taxable where And in some states, money is sometimes taxable: certain sales are taxable and certain are exempt. In some states, sales of all types of money are exempt. Some sorts of money-typically coins, paper money and precious metals-are subject to sales tax in many states. When the exemption takes effect on July 1, 2016, Indiana will become the 33rd state in the union to provide such an exemption. In some states, sales of all types of money are exempt.Ĭoin dealers and collectors in Indiana are celebrating the recent enactment of House Bill 1046, which creates a sales and use tax exemption for precious-metals bullion, rare coins and paper money.

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