N.J.S.A. § 54:32B-8.32.
Gold, silver, storage sales receipts; definitions
44. a. Receipts from the sales of gold or silver and storage thereof, in the form traded on any contract market or other board of trade or exchange licensed by the Federal Commodity Futures Trading Commission as defined in the Commodity Exchange Act, as amended are exempt from the tax imposed under the Sales and Use Tax Act; provided that the sale shall have been in fulfillment of the obligations of a contract for future delivery of gold or silver, or an option to purchase or sell such commodity, entered into on and in accordance with the rules of such licensed contract or options market; provided, further that this exemption shall not apply with respect to any gold or silver subsequently converted to use by a purchaser and in such event such purchaser shall be liable for the sales and use tax imposed thereunder.
b.
# (1)
Receipts from sales of investment metal bullion and investment coins are exempt from the tax imposed under the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.).
# (2)
As used in this subsection:
"Investment metal bullion" means any elementary precious metal that has been put through a process of smelting or refining, including, but not limited to, gold, silver, platinum, and palladium, and that is in such state or condition that its value depends upon its contents and not its form. "Investment metal bullion" shall not include any precious metal that has been assembled, fabricated, manufactured, or processed in one or more specific and customary industrial, professional, aesthetic, or artistic uses.
"Investment coin" means any numismatic coin manufactured of gold, silver, platinum, palladium, or any other metal, including non-precious metals, and having a fair market value of not less than $1,000. "Investment coin" shall not include jewelry or works of art made of coins, nor shall it include commemorative medallions.
L.1980, c. 105, s. 44, eff. Sept. 11, 1980; amended 2024, c.64.
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In this chapter (40 sections)
- 54:32B-8.10. · Sales not within taxing power of state
- 54:32B-8.11 · Transportation charges, exceptions
- 54:32B-8.12. · Tax exemption for marine terminal services, certain…
- 54:32B-8.13 · Sales, use tax exempt, machinery, apparatus, etc
- 54:32B-8.14 · Sales of tangible personal property, specified digital…
- 54:32B-8.15 · Exemption from taxation for certain wrapping supplies
- 54:32B-8.16 · Tangible personal property, etc. for use on farms,…
- 54:32B-8.16a · Rules, regulations
- 54:32B-8.17. · Tangible personal property sold by mortician, undertaker…
- 54:32B-8.18. · Films, records, etc. used through medium of theaters,…
- 54:32B-8.19 · Property taxable under municipal ordinance
- 54:32B-8.2 · Food items, certain, exemption from tax; definitions
- 54:32B-8.20. · Materials used to induce or cause refining or chemical…
- 54:32B-8.21 · School textbooks, exemption from tax
- 54:32B-8.22 · Sales tax exemption for certain services, supplies to…
- 54:32B-8.25. · Bible or similar sacred scripture
- 54:32B-8.26. · Flags of the United States of America or State of New…
- 54:32B-8.27. · Locomotives, railroad cars, other railroad rolling stock…
- 54:32B-8.3. · Food sold in schools
- 54:32B-8.30. · Advertising to be published in a newspaper
- 54:32B-8.32. · Gold, silver, storage sales receipts; definitions
- 54:32B-8.33. · Solar energy devices or systems
- 54:32B-8.35 · Exemption for receipts from aircraft sales, repairs
- 54:32B-8.36 · Recycling, treatment, conveyance equipment, exemption…
- 54:32B-8.39 · Certain printed advertising material receipts, exemption…
- 54:32B-8.4 · Clothing, footwear, exemption from tax; definitions
- 54:32B-8.45 · Certain retail sales; lower tax rate
- 54:32B-8.46 · Receipts from sale, exchange, delivery, use of…
- 54:32B-8.47 · Energy and utility service, certain, exempt sales, refunds
- 54:32B-8.47a · Annual review of financial records of certain…
- 54:32B-8.47b · Definitions relative to provision of energy to certain…
- 54:32B-8.47c · Exemption for certain receipts
- 54:32B-8.47d · Annual review of financial records
- 54:32B-8.48 · Imprinting services on manufacturing equipment, exempt
- 54:32B-8.49 · Film and video industry, sales, use tax exemptions
- 54:32B-8.5 · Newspapers, magazines, periodicals, certain, exemptions…
- 54:32B-8.50. · Short title; receipts from sales of firearm trigger…
- 54:32B-8.51. · Short title; receipts from sales of firearm vaults, tax…
- 54:32B-8.52. · Certain receipts for purchase, repair of limousine, tax…
- 54:32B-8.53. · Rentals between certain closely related business…