Utah is a state in the western region of the United States. It is the 13th largest state at 84,899 square miles and the 31st most populated with over 3 million residents. It is the only state in the U.S. where the majority of the population belongs to the same single church.
Bullion Sales Tax Rate in Utah
Utah has a statewide sales tax rate of 4.7% with additional local taxes that add up to 8.6%. When you purchase bullion, sales tax is not collected on coins, paper currency and precious metas. Items that do not fall under this category would be some numismatic collectibles, like tokens. Utah also passed a law in 2011 making gold and silver official legal tender. Which exempts them from the 7% capital gains tax.