Sales taxes in New Jersey are calculated at checkout on the BullionMax website based on (1) the taxability of products sold by BullionMax in New Jersey, and (2) the specific sales tax rate established by the taxing jurisdiction of the delivery address in New Jersey. New Jersey does not require the collection of sales taxes on the following products sold by BullionMax and delivered to a New Jersey address:
- Investment coin- Numismatic coin (legal tender), including non-precious metals, having a fair market value greater than or equal to $1,000. Note that this does not include jewelry, works of art made of coins, or commemorative medallions.
- Investment metal bullion- Elementary precious metal (including, but not limited to gold, silver, platinum, and palladium) that has been put through a process of smelting or refining, and that its value depends primarily on its metal content and not its current form. Note that this does not include any precious metal that has been assembled, fabricated, manufactured, or processed, nor does the $1,000 fair market value requirement related to “investment coin” apply.
All other products sold by BullionMax are subject to sales taxes in New Jersey.
BullionMax began collecting sales taxes in New Jersey on June 15, 2023. Our sales tax license number in New Jersey is 461-785-757/000.
If you are a New Jersey-based reseller and wish to file a Reseller Certificate with BullionMax, please download the New Jersey Reseller Certificate form here. Once you have filled out this form, either email it to info@bullionmax.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 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 New Jersey. 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 New Jersey 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 New Jersey, we suggest you visit the New Jersey Department of the Treasury located at https://www.state.nj.us/treasury/taxation/.
