Buy silver in Idaho

alabamaIdaho is located in the northwestern part of the United States and was incorporated way back in 1890. It is bound by Montana in the northeast, Columbia in the north, Nevada and Utah in the south, Washington and Oregon in the west, Canadian province of British Wyoming in the east.

It also known as the ‘Gem State’ as one can find all kinds of gemstones in this state! Even its name is derived from Shoshone language which roughly means ‘gem of the mountains’ or may be ‘sun comes from the mountains.’ Speaking in terms of economy it has to be mentioned that it is a leading producer of potatoes, also contributes to wheat production, has industries based in food processing, chemical products, mining, paper products and tourism.

Taxes on silver sales

There is a specific transactions sales tax rate in Idaho. This tax is applied for each sale and represents 6% of the price. There are some additional local sales tax required by cities or/and by the county, consequently the total sale tax amount varies between 6% and 8.5%.

Actually, this sales tax is not applied to silver coins and bullion purchases in this state.

More information on sales tax : https://tax.idaho.gov/i-1023.cfm