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Texas eliminates sales tax on precious metals coins!

Wednesday, October 9, 2013 11:49:29 AM America/Chicago

Sales Tax Threshold REMOVED on ALL Gold, Silver, Platinum Bullion coins and Numismatics in the great State of TEXAS!

We just received information about a new bill passed regarding Precious Metals and Numismatic Bullion coins. The bill states there is NO more sales tax on gold, silver or numismatic coins in Texas for orders under $1,000 starting OCT 1 2013. Below are a couple of news links and the official bill as provided by the Texas Comptroller. VERY EXCITING AND GREAT NEWS FOR PRECIOUS METALS AND RARE COIN BUYERS!!!

Check it out for yourself...
Texas Eliminates Sales Tax on Precious Metal Coins
Texas and Louisiana repeal sales tax on precious metals

Exemption for Gold, Silver, Numismatic Coins and Bullion – Minimum Purchase Threshold Removed House Bill 78, effective Oct. 1, 2013, removes the minimum purchase threshold requirement for exemption on the sale of all gold, silver or numismatic coins; or of platinum, gold or silver bullion. Prior to the effective date of the legislation, only sales to a purchaser in a single transaction in which the total sales price of all of the items sold equals $1,000 or more qualified for exemption. Tax Code Section 151.336.

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