Louisiana – Exemption for Precious Metal Coins and Bullion Expanded

SALT Report 2605 – The Louisiana State Legislature passed a Bill that broadens the exemption for gold, silver, or numismatic coins and platinum, gold, or silver bullion to reflect that they are now excluded from the definition of tangible personal property and therefore, exempt from sales and use tax.

Additionally, the Bill removes the dollar threshold for the sales and use tax exclusion for gold, silver, or numismatic coins, or platinum, gold, or silver bullion which was previously set at $1,000.

The provisions in this Bill are effective August 1, 2013.

For Further Information

Louisiana State Legislature – Act 396, Laws 2013