Wisconsin Precious Metal Sales Taxes
At a Glance: Taxable Precious Metal Products in Wisconsin
Wisconsin recently passed a new law to provide sales tax exemptions for most precious metals in the state. Some precious metal products are still subject to sales tax collection when shipped to addresses in Wisconsin. Taxable products in Wisconsin include:
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- Low Purity Bullion (Below 35%).
- Accessories.
How Does Wisconsin Tax Precious Metals?
Wisconsin exempts most precious metal products from sales taxation. Any product made of precious metals with a purity of over 35% is sales tax-free in the state. However, Hero Bullion is still required to collect sales taxes on accessory items and bullion products less than .35 fine.
Here’s a brief overview of which products are taxed in Wisconsin:
| Taxable Product | Definition |
|---|---|
| Low Purity Bullion | All bullion products with purities of less than .35 (35%) are taxable in the state of Wisconsin. |
| Accessories | Accessories are products used to store, maintain, or display precious metal items. Accessories are taxed in Wisconsin. |
All other products on our website are tax-exempt, according to Wisconsin state law.
How Does Hero Bullion Calculate Sales Taxes in Wisconsin?
We will automatically calculate relevant sales taxes based on the shipping address you provide us at checkout and add these fees to your order total. If you have any questions or concerns about how we assessed sales taxes on your order, please feel free to reach out to our customer service team for personal support.
More information about how Wisconsin taxes precious metals is available on the website for the Wisconsin Department of Revenue.
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