Idaho

Idaho State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Idaho requires the collection of sales taxes on certain products sold by the Gold Financial Group and delivered to an address in Idaho. These taxes must be collected on (1) copper products; (2) accessory items; and (3) processed items. All other products sold by Gold Financial Group are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Idaho:

• Numismatic Items. Medallions, tokens or other coins created to commemorate a historical event.
• Accessory Items. Items such as holders, tubes, coin flips, and apparel.
• Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Idaho are calculated at checkout on the Gold Financial Group website based on (1) the taxability of products sold by Gold Financial Group in Idaho set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Idaho.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IDAHO. IT IS ONLY INTENDED TO PROVIDE THE READER WITH A BRIEF OVERVIEW OF THOSE SALES TAX LAWS AND REQUIREMENTS CURRENTLY IN EFFECT IN THE STATE OF IDAHO THAT RELATE TO THE READER’S TRANSACTIONS WITH GOLD FINANCIAL GROUP. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF IDAHO, WE SUGGEST YOU VISIT THE IDAHO STATE TAX COMMISSION LOCATED AT HTTPS://TAX.IDAHO.GOV/.