Kansas Sales Tax for Precious Metals

As defined in state code HB 2140, the following bullion and numismatic items are EXEMPT from sales tax when shipped by Gainesville Coins to a Kansas address:

EXEMPT

1. Refined gold, silver, platinum, or palladium bullion bars, ingots, or commemorative medallions, sold according to its precious metal content and not form;

2. Gold and silver coins.

All other bullion or numismatic items and accessories sold by Gainesville Coins are subject to Kansas state sales tax.

Our Tax Account Number is 005-XXXXX9059F-01. Retailers' Compensating Use Tax Registration Certificate effective 02/04/2020.

Kansas Tax Code - Sales Tax Exemptions For Precious Metals

HB 2140 (June 1. 2019)

AN ACT concerning sales and compensating use tax; relating to countywide retailers' sales tax, election, Dickinson, Jackson, Russell, Thomas and Wabaunsee counties, rates and election for Finney county, director of taxation; exemptions, sales of certain coins or bullion; amending K.S.A. 2018 Supp. 12-187, 12-189 and 79-3606 and repealing the existing sections.

Sec. 3. K.S.A. 2018 Supp. 79-3606 is hereby amended to read as follows: 79-3606. The following shall be exempt from the tax imposed by this act:

(mmmm) all sales of gold or silver coins; and palladium, platinum, gold or silver bullion. For the purposes of this subsection,"bullion" means bars, ingots or commemorative medallions of gold, silver, platinum, palladium, or a combination thereof, for which the value of the metal depends on its content and not the form.