Collectible / Gold and Silver State Sales Taxes in Alabama
Alabama Laws and Regulations
The State of Alabama requires the collection of a flat-rate Simplified Sellers Use Tax of 8% on certain products sold by Silver.com and delivered to an Alabama address. These taxes must be collected on (1) copper products; (2) numismatic coins; (3) accessory items; and (4) processed items. All other products sold by Silver.com are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in Alabama:
- Numismatic Coins. 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.
- 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.
As required by Alabama law (Rule 810-6-2-.90.02 Simplified Sellers Use Tax Remittance Program), Silver.com is required to notify its Alabama customers of the following:
Silver.com has collected the simplified sellers use tax on certain transactions delivered into Alabama and the tax will be remitted on the customer’s behalf to the Alabama Department of Revenue.
Silver.com’s program account number is SSU-R010188305.
Use taxes in Alabama are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in Alabama set forth above, and (2) the Alabama Simplified Sellers Use Tax rate of 8%.
Silver.com began collecting use taxes in Alabama on October 1, 2018. Our program account license number in Alabama is SSU-R010188305.
If you are an Alabama-based reseller and wish to file a Reseller Certificate with Silver.com, please download the Alabama Reseller Certificate form here. Once you have filled out this form, either email it to email@example.com; or mail it to Silver.com, 5930 Royal Lane, Suite E-151, Dallas, TX 75230. 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 Alabama. 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 Alabama that relate to the reader’s transactions with Silver.com. If you would like to research the sales tax laws and requirements in the State of Alabama, we suggest you visit the Alabama Department of Revenue located at https://revenue.alabama.gov/.