05/26/2024 02:31:07 PM
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Sales Tax in Tennessee

The State of Tennessee requires the collection of sales taxes on certain products sold by Provident Metals and delivered to a Tennessee address.  These taxes must be collected on (1) accessory items, and (2) 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 Tennessee:

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

Provident Metals began collecting sales taxes in Tennessee on October 1, 2019.  Additionally, Tennessee enacted legislation in 2022 that eliminated the taxability of most items sold by Provident Metals.  This new legislation went into effect on May 27, 2022.  Our sales tax license number in Tennessee is 1001527243-SLC.

If you are a Tennessee-based reseller and wish to file a Reseller Certificate with Provident Metals, please download the Tennessee Certificate of Resale 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 Tennessee.  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 Tennessee 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 Tennessee, we suggest you visit the Tennessee Department of Revenue located at https://www.tn.gov/revenue.html.