Tag: Bullion Taxes

Industry Teamwork Defeats Repeal of Maryland’s Hobby Sales-Tax Exemption

Industry Teamwork Defeats Repeal of Maryland’s Hobby Sales-Tax Exemption

By Industry Council for Tangible Assets (ICTA)….   Whitman Coin & Collectibles Expo lobbyist Dennis Rasmussen, Maryland numismatic businesses and collectors, and the Industry Council for Tangible Assets (ICTA) collaborated to defeat legislation to repeal the sales-tax exemption for rare coins, paper money, and precious metals. Maryland General Assembly House Bill 903 (HB903), “Sales and […]

By April 16, 2015 0 Comments Read More →
ICTA Victory: Oklahoma Bullion Law makes Coins and Bullion Sales Tax Exempt – Video

ICTA Victory: Oklahoma Bullion Law makes Coins and Bullion Sales Tax Exempt – Video

Industry Council for Tangible Assets helps secure victory for precious metal investors in the Sooner State….   On June 4, 2014, Oklahoma Governor Mary Fallin signed SB 862 providing a sales-tax exemption for “sales of gold, silver, platinum, palladium or other bullion items such as coins and bars,” and removing the qualification that these products […]

Another Reason To Avoid Precious Metal ETFs—Complex Tax Reporting

Another Reason To Avoid Precious Metal ETFs—Complex Tax Reporting

By Patrick A. Heller – Commentary on Precious Metals Prepared for CoinWeek.com….   I have previously expressed concerns about owning precious metals exchange traded funds (ETFs) because of the possibility that some of the assets have multiple claims of ownership.  Now that we are past the deadline for filing taxes, precious metals ETF investors have […]

 
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