Arkansas Precious Metal Sales Taxes

 

How Does Arkansas Tax Precious Metals?

If you plan to purchase gold, silver, or other bullion products from Hero Bullion, you should be aware of the tax laws relevant to your own home state. While the federal government requires taxes for all bullion investments and sales, each state often offers its own rules for which types of bullion products are subject to taxation. 

Three categories of bullion products are taxable, according to laws enacted by the state legislature of Arkansas. It is important to note that, according to the state of Arkansas, products designated as ‘bullion’ are not subject to a state tax. Products for which sales taxes must be collected in Arkansas include:

Taxable Product	Definition
Copper Products	Products composed primarily of copper bullion are subject to sales tax collection in Arkansas.
Accessories	Products that are made in order to store, clean, or secure bullion items are considered accessories. On Hero Bullion’s website, we offer tubes, flips, and holders, which are all examples of accessories. Accessory products are subject to a sales tax in Arkansas.
Processed Bullion	If a precious metal has been processed in order to add additional value to its precious metal content, then it counts as a processed item. This category of item is taxable and includes colored coins, statues, and some collectable bullion products.

How Does Hero Bullion Calculate Sales Taxes in Arkansas? 

Hero Bullion automatically collects sales taxes based on the shipping address you provide us at checkout. If you have any questions about how this tax is calculated, please contact us. If you have concerns or questions about Arkansas’ bullion tax laws, you can contact the Arkansas Department of Finance and Administration here.