Bullion Sales Tax in Los Angeles, CA
The state of California has an overall sales tax of 7.25%, however depending on where you live it can be as high as 9.75%. In Los Angeles, CA the sales tax rate is 8.75%. When it comes to sales on bullion, there is an exemption when you purchase more than $1500 in a single transaction. Another exemption is the purchase of coins as collector’s items or as an investment.
When you buy gold bullion in California you should also check out gold bullion dealers in Santa Barbara, CA.