Arizona to Expand Sales Tax Exemption on Bullion

Goldback Inc. is excited to see continued advancement of state policies that remove barriers to exchanging gold and silver. Last week, Arizona signed into law SB 1430 (Mesnard), which expands the sales tax exemption on precious metals bullion and monetized bullion. Under current law, the exemption only applies when the sale is to the final buyer. This important reform ensures that gold and silver are treated consistently across the entire marketplace, eliminating unnecessary tax burdens between dealers, wholesalers, and investors. SB 1430 promotes a more efficient, transparent, and competitive market, ultimately benefiting consumers. 

Notably, the bill advanced through the legislature without a single “nay” vote, underscoring broad, bipartisan recognition that precious metals should be treated as money rather than taxed as ordinary goods. Enacting SB 1430 will strengthen the state’s leadership in sound money policy, support a more resilient marketplace, and expand financial freedom for all citizens.

Goldback Inc. applauds the decisive action of Arizona lawmakers and Representative Mesnard for being a 2026 champion of sound money.