Arkansas

Arkansas State Sales Tax Requirements for Bullion & Collectibles Industry

The State of Arkansas requires the Minot Coin & Bullion to collect sales taxes on certain products sold by Minot Coin & Bullion and delivered to a Arkansas address. These taxes must be collected on (1) all precious metals products comprised of gold, silver, platinum, or palladium that do not meet the definition of bullion as defined by the state of Arkansas; (2) copper products; (3) accessory items; and (4) processed items.

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

• Bullion. Gold, silver, platinum, and palladium in the form of a bar, ingot, or coin.
• 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 the state of Arkansas are calculated at checkout on the Minot Coin & Bullion website based on (1) the taxability of products sold by Minot Coin & Bullion in the state of Arkansas set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in the state of Arkansas.

PLEASE NOTE: THE ABOVE IS NOT A COMPREHENSIVE DESCRIPTION OF SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARKANSAS. 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 ARKANSAS THAT RELATE TO THE READER’S TRANSACTIONS WITH Minot Coin & Bullion. IF YOU WOULD LIKE TO RESEARCH THE SALES TAX LAWS AND REQUIREMENTS IN THE STATE OF ARKANSAS, WE SUGGEST YOU VISIT THE ARKANSAS DEPARTMENT OF FINANCE AND ADMINISTRATION LOCATED AT HTTPS://WWW.DFA.ARKANSAS.GOV/.