Louisiana

Louisiana’s Gold & Silver Bullion Tax Laws

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

Legislative Developments

• In 2017, Louisiana exempted gold and silver bullion, and other precious metals, from the state sales tax.

State Information

• Louisiana is a state in the Southern United States and is bordered by Texas, Arkansas, and Mississippi.
• In 1812, Louisiana became the 18^th state in the United States.
• The capital of Louisiana is Baton Rouge. Other cities include New Orleans, Shreveport, Lafayette, Lake Charles, Kenner, and Bossier City.
• Louisiana had a population of 4,657,757 in 2020.
• Louisiana’s real gross domestic product (GDP) was $238.2 billion in 2023, while the median household income was $49,973 in 2020.
• Louisiana’s economy is based primarily on finance, insurance, real estate, manufacturing, government and government enterprises, education, healthcare, professional and business services, retail trade, wholesale trade, and oil and gas extraction.

Economic and Personal Freedom Information

• Louisiana ranks #17 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, Louisiana ranks #31 in overall freedom, #30 in economic freedom, and #36 in personal freedom.
• Louisiana ranks #31 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.