Arizona

Arizona’s Gold & Silver Bullion Tax Laws

The state of Arizona doesn’t levy taxes on the sale of gold, silver, and platinum bullion nor does it tax capital gains. Arizona residents must still pay United States federal capital gains taxes, however.

Legislative Developments

• In 2017, Arizona House Bill 2014 was signed into law, ending state-level taxation of capital gains on precious metals bullion.

State Information

• Arizona is in the Southwestern region of the United States and is bordered by California, Nevada, Utah, Colorado, and New Mexico.
• In 1912, Arizona became the 48th state in the United States.
• The capital of Arizona is Phoenix. Other cities include Tucson, Mesa, Scottsdale, and Tempe.
• Arizona had a population of 7,151,502 in 2020.
• Arizona’s real gross domestic product (GDP) was $414.27 billion in 2023, while the median household income was $61,500 in 2020.
• Arizona’s economy was once heavily based on copper mining, cotton, cattle, and citrus farming, but has now diversified to include healthcare, transportation, government and government enterprises, finance, and real estate.

Economic and Personal Freedom Information

• Arizona ranks #8 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
• According to the Freedom in the 50 States report, Alaska ranks #5 in overall freedom, #11 in economic freedom, and #2 in personal freedom.
• Arizona ranks #3 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.