- The effective date of the exemption threshold increase for bulk sales of coins and bullion in California has changed from January 1, 2023, to July 1, 2023.
- The exemption threshold applies to monetized bullion, nonmonetized gold or silver bullion, and numismatic coins.
- The exemption allows for the sales and use tax to be waived on qualifying bulk sales of coins and bullion.
Source: vitallaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
