With three states, Wisconsin, Kentucky, and New Jersey, adopting some form of precious metals bullion, coin, and currency sales tax exemptions last year, plus the successful efforts to preserve existing exemptions in Nebraska and the state of Washington, the staff of the National Coin & Bullion Association (NCBA) was busy.
Although there are officially now only four states (Hawaii, Maine, New Mexico, and Vermont) that do not yet have some kind of sales and use tax exemption, there is plenty underway in 2025.
Kentucky. Although the Kentucky legislature passed a bullion, coin, and currency sales tax exemption as part of a revenue bill that was to take effect Aug. 1, 2024, the state’s governor attempted to delete it through a line-item veto. After the state’s attorney general issued an opinion…