North Carolina Precious Metal Sales Taxes

 

How Does North Carolina Tax Precious Metals?

Certain products listed on the Hero Bullion website are subject to sales taxation, according to regulations set by North Carolina’s Department of Revenue. Three categories of precious metal products are taxed in North Carolina: copper bullion, accessories, and processed bullion items. 

In North Carolina, the following definitions are used to categorize sales taxable bullion products:

Taxable Product	Definition
Copper Products	Products created primarily using copper bullion are considered taxable by North Carolina.
Accessories	Accessory products include anything used to store, maintain, or display precious metals. Accessories are taxed in North Carolina.
Processed Bullion	Whenever a third party processes a bullion product to add value to its precious metal content, it becomes a processed item. All processed bullion products are taxed in North Carolina.

How Does Hero Bullion Calculate Sales Taxes in North Carolina? 

We make buying from Hero Bullion easy by automatically calculating all relevant sales taxes at the time of checkout. North Carolina taxes are applied to your purchase if the address to which your items are being shipped is located within the state. Please note that only the shipping address of a purchase is used to determine the relevant jurisdiction and taxes. 

If any item in your shopping cart at the time of checkout falls into one of the categories listed above, we are legally obligated to collect sales tax on your purchase. Because we add this amount to your total automatically, you don’t need to worry about calculating sales taxes for yourself. 

Any questions about how Hero Bullion complies with taxation regulations in North Carolina, please contact our support team at the following email: [email protected]. 

All other queries about North Carolina’s tax laws should be directed to the North Carolina Department of Revenue. This official website can be located here.