APMEX is one of the nation’s largest online precious metals dealers. Now investors don’t have to buy their precious metal products from out-of-state dealers, nor are they subjected to paying more than 8% of sales tax on an investment-type asset, “said Michael Haynes, CEO of APMEX, Inc., of Oklahoma City (. “We were very pleased to see that the Oklahoma Legislature passed this important measure that leveled the playing field for Oklahoma investors.
The intent of the bill was to help Oklahomans buy precious metals as they do other investments, without any sales taxes being levied on the purchase. House Bill 3166 passed the 2010 Oklahoma Legislature, with bi-partisan support, and was signed by the Governor. The bill specifically does not apply to the purchase of gold or silver items used as jewelry or for artistic or ornamental use.
In order to comply with this law, the precious metal products must be stored in a non-bank Depository for safekeeping. Oklahoma City, OK, May 15, 2012: Residents of Oklahoma can legally purchase Gold and Silver coins, bars and rounds from Oklahoma precious metal dealers without paying any sales taxes on that purchase.Ī recent law was enacted by the Oklahoma legislature that allows residents of Oklahoma to purchase Gold or Silver coins, rounds or bars, in any amount, from an Oklahoma precious metal dealer without paying any state sales tax, with one important provision.
0 kommentar(er)
