Skip to main content
Find a Lawyer

Arkansas Code Title 26. Taxation § 26-52-454. Coins, currency, and bullion

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) As used in this section:

(1) “Bullion” means a bar, ingot, or coin:

(A) Manufactured in whole or in part of gold, silver, platinum, or palladium;

(B) That was or is used solely as a medium of exchange, security, or commodity by any state, the United States Government, or a foreign nation; and

(C) Sold based on the intrinsic value of the bar, ingot, or coin as a precious metal or collectible item rather than its form or representative value as a medium of exchange; and

(2)(A) “Coin or currency” means a coin or currency:

(i) Manufactured in whole or in part of gold, silver, other metal, or paper;

(ii) That was or is used solely as a medium of exchange, security, or commodity by any state, the United States Government, or a foreign nation; and

(iii) Sold based on the intrinsic value of the coin or currency as a precious metal or collectible item rather than its form or representative value as a medium of exchange.

(B) “Coin or currency” does not include a coin or currency that has been incorporated into jewelry.

(b) The gross receipts or gross proceeds derived from the sale of coins or currency or bullion are exempt from the gross receipts tax levied by this chapter and the compensating use tax levied by the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-52-454. Coins, currency, and bullion - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-52-454/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard