Bullion Sales Tax in Sioux Falls, SD
South Dakota has a statewide sales tax rate of 4.5% with additional local taxes that can add up to 6.5%. Most coins and bullion forms are exempt from sales tax. Bullion would be considered any bar, ingot, or commemorative medallion of gold, silver, platinum, palladium or combination of these metals. Coins/currency on the other hand are considered anything of legal tender made of fold, silver, or other metal or paper which is/has been used as legal tender. Tokens or numismatic collectibles are not included in this exemption. Sioux Falls has a total sales tax rate of 6.5%.
When you buy gold bullion in South Dakota you should also check out gold bullion dealers in Rapid City, SD.