Minnesota is s state located in the midwestern and northern regions of the United States. It is the 12th largest state at 86,943 square miles and the 22nd most populated with over 5.5 million residents. It was the 32nd state admitted into the U.S. as a state in 1858. Because of it’s large number of lakes, it is known as “Land of 10,000 Lakes”.
Bullion Sales Tax in Minnesota
Minnesota has a statewide sales tax rate of 6.875% with additional local taxes that can add up to 8.375%. There are no exemptions for bullion purchases, because they are considered to be tangible personal property and therefore are subject to getting taxed.