New Jersey Joins Other States in Sparing Bullion From Sales Tax

Investment metals like gold bars and silver coins will no longer be subject to New Jersey sales tax, under a bill Gov. Phil Murphy (D) signed Thursday.

The exemption is limited to bullion sales of at least $1,000, and doesn’t apply to the sale of jewelry, arts, or commemorative medallions. The act provides a four-month window for the exemption to show up on receipts. It was passed unanimously by the Democratic-controlled Legislature in June.

Murphy signed the legislation, S721, after vetoing an identical version of the bill earlier this year. He didn’t provide a reason at the time, ...