Iowa is a state located in the midwestern region of the United States. It is the 26th largest state at 56,272 square miles and the 30th most populated with over 3.1 million residents. During the colonial times, it was part of French Louisiana and Spanish Louisiana. Its’ flag is designed after the flag of France. It has been listed as one of the safest states to live in and has the nickname Hawkeye State.
Bullion Sales Tax in Iowa
Iowa has a statewide sales tax rate of 6% with additional local taxes that can add up to 7%. When you buy bullion or coins in the state of Iowa, you will not be charged sales tax because there is an exemption for those types of purchases. Gold, silver, platinum, or palladium fall under the category of bullion while metal or paper are considered coins/currency.