Louisiana Precious Metals Tax Information
Louisiana exempts qualifying precious metals bullion from state sales tax, including gold, silver, platinum, and palladium products valued primarily for their metal content. However, local parish sales taxes may still apply, depending on the shipping destination.
Taxable Products in Louisiana
- All copper products.
- Palladium products. Including bullion and coins
- Numismatic or collectible coin transactions when the total sale value exceeds $1,000 USD
- Accessories. Such as holders, tubes, capsules, coin flips, and similar items
- Processed or altered items. Meaning products modified beyond their original bullion form, including colorized coins, plated coins, and specialty finishes
Exemptions:
- Qualifying precious metals bullion is exempt from Louisiana state sales tax
Tax Rates:
Qualifying precious metals bullion is exempt from Louisiana state sales tax, but parish-level taxes may vary by location.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF LOUISIANA. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF LOUISIANA THAT RELATE TO THE READER'S TRANSACTIONS WITH ITM TRADING. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF LOUISIANA, WE SUGGEST YOU VISIT THE LOUISIANA TAX AUTHORITY LOCATED AT https://revenue.louisiana.gov/.
