The State of California requires the collection of use taxes on certain products sold by BullionMax and delivered to a California address. These taxes must be collected on (1) nonmonetized bullion made from copper, platinum, or palladium; (2) monetized bullion, nonmonetized gold or silver bullion, or numismatic coins if the total amount of a single sales transaction is less than $2,000; (3) accessory items; and (4) processed items. All other products sold by BullionMax are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in California:
Bullion which has been smelted or refined and has a value dependent primarily upon its precious metal content and not upon its form.
Coins or other forms of money manufactured of gold, silver, or other metal and heretofore, now, or hereafter used as a medium of exchange under the laws of California, the United States, or any foreign nation. The medium of exchange must have had a legal status equivalent to legal tender.
Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
Determined per invoice, and not on a line-item basis.
Items such as holders, tubes, coin flips, and apparel.
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.
Use taxes in California are calculated at checkout on the BullionMax website based on (1) the taxability of products sold by BullionMax in California set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in California. Our use tax license number in California is 257602304.
If you are a California-based reseller and wish to file a Reseller Certificate with BullionMax, please download the California Reseller Certificate form here. Once you have filled out this form, either email it to email@example.com; or mail it to BullionMax, 6125 Luther Lane #283, Dallas, TX 75225. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged use taxes on future orders as long as your Reseller Certificate remains valid and in force.
The above is not a comprehensive description of sales tax laws and requirements in the State of California. 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 California that relate to the reader’s transactions with BullionMax. If you would like to research the sales tax laws and requirements in the State of California, we suggest you visit the California Tax Service Center located at https://www.taxes.ca.gov/.