The State of Utah requires the collection of sales taxes on certain products sold by JM Bullion and delivered to a Utah address. These taxes must be collected on (1) bullion products made of copper or palladium; (2) bullion products made of gold, silver, or platinum if the gold, silver, or platinum content of such product is less than 50%; (3) numismatic coins unless such numismatic coins are also used as legal tender; (4) accessory items; and (5) processed items. All other products sold by JM Bullion are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in Utah:
Sales taxes in Utah are calculated at checkout on the JM Bullion website based on (1) the taxability of products sold by JM Bullion in Utah set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Utah.
JM Bullion began collecting sales taxes in Utah on January 1, 2019. Our sales tax license number in Utah is 14741445-003-STC. JM Bullion’s Utah sales tax license may be viewed here.
If you are a Utah-based reseller and wish to file a Reseller Certificate with JM Bullion, please download the Utah Reseller Certificate form here. Once you have filled out this form, either email it to email@example.com; or mail it to JM Bullion, Inc., 11700 Preston Road, Suite 660153, Dallas, TX 75230. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged sales taxes on future orders as long as your Reseller Certificate remains valid and in force.
Please note: The above is not a comprehensive description of sales tax laws and requirements in the State of Utah. 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 Utah that relate to the reader’s transactions with JM Bullion. If you would like to research the sales tax laws and requirements in the State of Utah, we suggest you visit the Utah State Tax Commission located at https://tax.utah.gov/.