06/17/2024 12:28:08 PM
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Sales Tax in Ohio

The State of Ohio requires the collection of sales taxes on certain products sold by Provident Metals and delivered to an Ohio address.

These taxes must be collected on (1) bullion comprised of gold, silver, platinum, or palladium that does not meet certain purity requirements; (2) copper products including coins or bullion; (3) accessory items; and (4) processed items. All other products sold by Provident Metals are exempt from these taxes.

The following definitions apply to products on which taxes must be collected in Ohio:

  • Bullion. Precious metal that is valued solely upon its precious metal content, whether in bar, round, or ingot form (Note: In Ohio, coins comprised primarily of gold, silver, platinum, or palladium are excluded from the definition of bullion).
  • Purity Requirements. Gold bullion with a minimum purity of 0.995%; silver bullion with a minimum purity of 0.999%; platinum bullion with a minimum purity of 0.9995%; and palladium bullion with a minimum purity of 0.9995%.
  • Accessory Items. Items such as holders, tubes, coin flips, and apparel.
  • Processed Items. Precious metals that have been processed by third parties into items that are valued on more than their precious metal content, such as statues or colorized coins.

Sales taxes in Ohio are calculated at checkout on the Provident Metals website based on (1) the taxability of products sold by Provident Metals in Ohio set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in Ohio.

Provident Metals began collecting sales taxes in Ohio on September 1, 2019. Additionally, Ohio enacted legislation in 2021 that eliminated the taxability of certain items sold by Provident Metals. This new legislation went into effect on July 1, 2021. Our sales tax license number in Ohio is 99117506.

If you are an Ohio-based reseller and wish to file a Reseller Certificate with Provident Metals, please download the Ohio Reseller Certificate form here. Once you have filled out this form, either email it to help@providentmetals.com; or mail it to Provident Metals Corp, 6125 Luther Lane, #465, Dallas, TX 75225. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged sales taxes on future orders as long as your Reseller Certificate remains valid and in force.

Please note: The above is not a comprehensive description of sales tax laws and requirements in the State of Ohio. It is only intended to provide the reader with a brief overview of those sales tax laws and requirements currently in effect in the State of Ohio that relate to the reader’s transactions with Provident Metals. If you would like to research the sales tax laws and requirements in the State of Ohio, we suggest you visit the Ohio Department of Taxation located at https://www.tax.ohio.gov/.