The State of NJ site may contain optional links, information, services and/or content from other websites operated by third parties that are provided as a convenience, such as Google™ Translate. Google™ Translate is an online service for which the user pays nothing to obtain a purported language translation. The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. -Read Full Disclaimer
The deadline for the current year PTE-BAIT elections, filings, and payments has been extended to Friday, March 21, 2025. The original deadline was March 17, 2025.
Exemption for Sales of Certain Investment Bullion and Investment Coins
P.L. 2024, c. 64 amends N.J.S.A. 54:32B-8.32 to exempt sales of qualifying investment metal bullion and investment coins beginning on and after January 1, 2025.
“Investment metal bullion” means any elementary precious metal that has been put through a process of smelting or refining, including, but not limited to: gold, silver, platinum, and palladium, and that is in such a state or condition that its value depends upon its contents and not its form. “Investment metal bullion” does not include any precious metal that has been assembled, fabricated, manufactured, or processed in one or more specific and customary industrial, professional, aesthetic, or artistic uses.
“Investment coin” means any numismatic coin manufactured of gold, silver, platinum, palladium, or any other metal, including non-precious metals, and having a fair market value of not less than $1,000. In order to be exempt, the individual coin must have a fair market value of not less than $1,000. “Investment coin” does not include jewelry or works of art made of coins, nor does it include commemorative medallions.
Note that the $1,000 fair market value requirement does not apply to investment metal bullion.
Official Site of The State of New Jersey