Kentucky

Kentucky’s Gold & Silver Bullion Tax Laws

The state of Kentucky doesn’t levy taxes on the sale of gold, silver, and platinum bullion but it taxes capital gains. Kentucky residents also pay United States federal capital gains taxes.

Legislative Developments

• In 2024, Kentucky exempted gold and silver bullion, and other precious metals, from the state sales tax.

State Information

• Kentucky is a state in the Southeastern region of the United States and is bordered by Illinois, Indiana, Ohio, West Virginia, Virginia, Tennessee, and Missouri.
• In 1792, Kentucky became the 15^th state in the United States.
• The capital of Kentucky is Frankfort. Other cities include Louisville, Lexington, Bowling Green, Owensboro, and Covington.
• Kentucky had a population of 4,505,836 in 2020.
• Kentucky’s real gross domestic product (GDP) was $225.23 billion in 2023, while the median household income was $52,295 in 2020.
• Kentucky’s economy is based primarily on manufacturing, finance, insurance, real estate, government and government enterprises, education, healthcare, professional and business services, wholesale trade, retail trade, and transportation and warehousing.

Economic and Personal Freedom Information

• Kentucky ranks #45 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, Kentucky ranks #28 in overall freedom, #20 in economic freedom, and #47 in personal freedom.
• Kentucky ranks #28 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.