Collectible / Gold and Silver State Sales Taxes in Michigan
Michigan Laws and Regulations
The State of Michigan requires the collection of sales taxes on certain products sold by Silver.com and delivered to a Michigan address. These taxes must be collected on (1) copper products; (2) palladium products; (3) any bullion products made of gold, silver, or platinum if their purity is less than 900 parts per 1,000; (4) accessory items; and (5) 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 Michigan:
- 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.
Sales taxes in Michigan are calculated at checkout on the Silver.com website based on (1) the taxability of products sold by Silver.com in Michigan set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Michigan.
Silver.com began collecting sales taxes in Michigan on October 1, 2018. Our sales tax license number in Michigan is 46-1785757.
If you are a Michigan-based reseller and wish to file a Reseller Certificate with Silver.com, please download the Michigan Reseller Certificate form here. Once you have filled out this form, either email it to firstname.lastname@example.org; or mail it to Silver.com, Inc., 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 Michigan. 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 Michigan 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 Michigan, we suggest you visit the Michigan Department of Treasury located at https://www.michigan.gov/treasury/.