Louisiana Precious Metal Sales Taxes
At a Glance: Taxable Precious Metal Products in Louisiana
The state of Louisiana requires precious metal dealers like Hero Bullion to collect sales taxes on five different types of bullion products. All other products on our website are considered tax exempt in Louisiana. Here’s a brief overview of which bullion products are taxable in Louisiana:
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- Copper Products.
- Palladium Products.
- Numismatic Coins.
- Accessories.
- Processed Bullion.
How Does Louisiana Tax Precious Metals?
Some bullion products are taxable in Louisiana, but others are not. On this page, you’ll find a breakdown of the basic rules of how sales taxes are applied for precious metal products shipped to addresses in Louisiana. To comply with Louisiana law, Hero Bullion collects relevant sales taxes for taxable products sold and delivered to addresses within the state.
In Louisiana, we’re required to collect state sales taxes for copper and palladium products. Additionally, the state requires dealers to collect sales taxes for numismatic coins sold for a value over $1,000. Accessories and processed bullion products are also taxed in Louisiana.
If your product doesn’t fall into one of these categories, it is tax-exempt in the state of Louisiana.
Here’s a brief explanation of categories of products that are taxable when shipped to addresses in Louisiana:
| Taxable Product | Definition |
|---|---|
| Copper Products | Any bullion product made primarily with copper is considered taxable in the state of Louisiana. |
| Palladium Products | Any product made primarily using palladium is taxable in Louisiana. |
| Numismatic Coins | Numismatic coins are coins that are valued for more than their precious metal melt value, typically because of their rarity or condition. Numismatic coins are only taxed in Louisiana if they are sold for more than $1,000 USD. |
| Accessories | Products used to store, maintain, or display precious metals are accessories and are taxed in Louisiana. |
| Processed Bullion | Processed bullion refers to any product that has been given to a third party in order to add value beyond its precious metal content. Colorized coins and statues usually fall into this category. Processed bullion is taxed in Louisiana. |
How Does Hero Bullion Calculate Sales Taxes in Louisiana?
If you make a purchase on our website and provide a shipping address in Louisiana, we will automatically calculate and apply all relevant state sales taxes to your order total. If you have any questions about how we assess sales taxes, please contact our customer service team.
Specific questions about Louisiana’s sales tax regulations can be directed to the Louisiana Department of Revenue.