The State of North Carolina requires the collection of privilege taxes on certain products sold by JM Bullion and delivered to a North Carolina address. These taxes must be collected on (1) copper products; (2) any products that are not smelted or refined; (3) any coins that do not have a value beyond their statutory or nominal value; (4) accessory items; and (5) processed items. All other products sold by JM Bullion are exempt from these taxes.
The following definitions apply to products on which taxes must be collected in North Carolina:
Privilege taxes in North Carolina are calculated at checkout on the JM Bullion website based on (1) the taxability of products sold by JM Bullion in North Carolina set forth above, and (2) the specific tax rates established by the taxing jurisdiction of the delivery address in North Carolina.
JM Bullion began collecting privilege taxes in North Carolina on October 1, 2018. Our privilege tax license number in North Carolina is 003266772. JM Bullion’s North Carolina privilege tax license may be viewed here.
If you are a North Carolina-based reseller and wish to file a Reseller Certificate with JM Bullion, please download the North Carolina Reseller Certificate form here. Once you have filled out this form, either email it to email@example.com; or mail it to JM Bullion, Inc., 11700 Preston Road, Suite 660153, Dallas, TX 75230. Once we receive your completed Reseller Certificate, we will enter it into our system, and you will not be charged privilege 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 North Carolina. 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 North Carolina that relate to the reader’s transactions with JM Bullion. If you would like to research the sales tax laws and requirements in the State of North Carolina, we suggest you visit the North Carolina Department of Revenue located at https://www.ncdor.gov/.