Rhode Island Precious Metals Tax Information
Rhode Island exempts qualifying precious metals bullion from sales tax when the products have been smelted or refined and are valued primarily for their metal content.
Taxable Products in Rhode Island
- All copper products.
- Precious metals products that have not been smelted or refined
- Accessories and supplies. 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 products that have been smelted or refined and are valued primarily for their metal content
Tax Rates:
Qualifying precious metals bullion products are exempt from sales tax in Rhode Island. Sales tax may apply to the taxable products listed above.
PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF RHODE ISLAND. 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 RHODE ISLAND 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 RHODE ISLAND, WE SUGGEST YOU VISIT THE RHODE ISLAND TAX AUTHORITY LOCATED AT https://tax.ri.gov/.
