New Jersey enacts sales tax exemption on precious metals transactions from 2025.

New Jersey has enacted Senate Bill 721, which exempts sales tax on transactions involving gold, silver, and other precious metals, effective January 1, 2025. This legislation positions New Jersey among the most favorable states for these transactions. The bill, supported by Garden State Gold & Coin’s Matthew Eisenberg and local legislators, facilitates investment in precious metals by eliminating additional costs for buyers.

September 18, 2024
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