The State of North Carolina requires the imposition of sales taxes on specific items sold by ModernCoinMart and delivered to addresses within North Carolina. It is essential to ensure the collection of these taxes on (1) copper products; (2) any products that are not smelted or refined; (3) any coins that do not have a value beyond their statutory or nominal value; (4) accessory items; and (5) processed items. All other products sold by ModernCoinMart are exempt from these taxes.
The following definitions apply to items that are subject to state tax collection in North Carolina:
Privilege taxes in North Carolina are calculated at checkout on the ModernCoinMart website based on (1) the tax implications associated with products sold by ModernCoinMart in North Carolina, as previously outlined, and (2) the specific tax rates determined by the governing tax authority applicable to the designated delivery location within North Carolina.
ModernCoinMart began collecting privilege taxes in North Carolina on June 12, 2008. Our privilege tax license number in North Carolina is 600685210.
If you are a North Carolina-based reseller and wish to file a Reseller Certificate with ModernCoinMart, please contact us at [email protected]. Upon receipt of your completed Reseller Certificate, we will promptly enter it into our records. Provided that your Reseller Certificate maintains its validity and remains active, no sales taxes will be applied to subsequent orders.
Please note: The summary above provides a condensed examination of sales tax laws and obligations within the State of North Carolina. While comprehensive, it may only encompass some facets of the regulations. Its purpose is to outline the pertinent laws and requirements applicable to transactions involving ModernCoinMart within the state. If you would like to research the sales tax laws and requirements in the State of North Carolina, we suggest you visit the North Carolina Department of Revenue located at https://www.ncdor.gov/