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Business Taxes Law Guide—Revision 2024

BTLG Table of Contents > Sales and Use Tax Annotations > C > 168.0000 Coins And Bullion > Annotation 168.0283

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C

168.0000 Coins and Bullion—Regulation 1599

Annotation 168.0283

(b) Bullion

168.0283 Natural Gold Nuggets. Natural gold nuggets do not meet the requirements of the exemption contained in Regulation 1599 because nonmonetized bullion, to which the exemption is limited, is silver or gold which has been smelted or refined. Since natural nuggets have not been smelted or refined, they are excluded from the exemption. 6/26/86.