Transactional Gold

Historical Tax Reform: Ohio’s Investment Metal Sales Tax Exemption

Written by Transactional Gold Team | Jul 3, 2015 5:00:00 PM

In June 2015, the Ohio House passed House Bill 26, aiming to exempt investment metal bullion and collectible coins—including gold, silver, platinum, and palladium—from the state’s sales and use taxes. The goal was to bolster local coin dealers and preserve industry revenue by putting Ohio on par with more than 30 other states already granting similar exemptions