Bullion Sales Tax in Iowa City, IA
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.
When you buy gold bullion in Iowa you should also check out gold bullion dealers in Cedar Rapids, IA.