Tag: Coin Taxes

Louisiana Coins and Precious Metals Bullion Exemption Enacted

Louisiana Coins and Precious Metals Bullion Exemption Enacted

By Industry Council for Tangible Assets ….. Last year, the Louisiana legislature, facing a $900 million deficit, held a special legislative session and increased Louisiana’s 4% sales tax to 5%. In addition to increasing the state sales tax, it eliminated nearly all tax exemptions and exclusions–including numismatic coins and precious metals bullion exemptions–for three months, […]

CoinWeek News Wire for June 9, 2017

CoinWeek News Wire for June 9, 2017

By Coinweek ….   CoinWeek News Wire for June 9, 2017 Brain Food 1.) Vikings knew how to maintain trust in their money By the 880s the Vikings had taken over the territory of all but the West Saxons but they provided their subjugated peoples with money they knew – in the form of imitations […]

Gold, Precious Metals & Bullion News – Minnesota Sales Tax Exemption Enacted

Gold, Precious Metals & Bullion News – Minnesota Sales Tax Exemption Enacted

By Industry Council for Tangible Assets …..   On May 30, 2017, Minnesota governor Mark Dayton signed into law omnibus bill H1A, which included a sales-tax exemption on precious-metals bullion. (An omnibus bill is a proposed law that covers many diverse or unrelated topics.) The new law will take effect on July 1, 2017. Minnesota […]

Gold & Silver PAC April 2017 e-Newsletter

Gold & Silver PAC April 2017 e-Newsletter

By Scott Barman for the Gold & Silver PAC …..   From the Political Coordinator Partisanship on Capitol Hill has gone from bad to worse. The staunch partisanship that was limited to the members and senior staff has now infected staffs on all sides. Although there are a few people who will talk with members of […]

Virginia Becomes Latest State to Pass Rare Coin Sales Tax Exemption

Virginia Becomes Latest State to Pass Rare Coin Sales Tax Exemption

By John Brush – President, David Lawrence Rare Coins ……   To paraphrase Margaret Mead, a small group of thoughtful, committed citizens can make great change when working together. John Brush of David Lawrence Rare Coins and John Feigenbaum of the Coin Dealer Newsletter–along with lobbyist Stephen Haner and the Industry Council for Tangible Assets […]

Bullion & Precious Metals News – ICTA Names New Officers

Bullion & Precious Metals News – ICTA Names New Officers

By Industry Council for Tangible Assets ……   At its Board of Directors meeting last week in Anaheim, California, the Industry Council for Tangible Assets (ICTA) installed its new officers for 2016–2018. Former U.S. Mint director Philip N. Diehl, currently the president of U.S. Money Reserve in Austin, Texas, was named as the new chairman. […]

Gold & Silver PAC August 2016 e-Newsletter

Gold & Silver PAC August 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee …..   From the Political Coordinator In my introduction to the August 2015 newsletter I said that “22 men and women have thrown their proverbial hats in the ring to become President of the United States.” One year later, we are down to two […]

Ohio Governor Kasich Signs Sales Tax Exemption Legislation

Ohio Governor Kasich Signs Sales Tax Exemption Legislation

OPMA-Led State Effort Pays Off After Three Years By Industry Council for Tangible Assets …..   On June 14, 2016, Ohio governor John Kasich signed into law SB 172, which provides for a sales-tax exemption on rare coins and precious-metals bullion. The new law will take effect on January 1, 2017. Ohio becomes the 34th […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 4

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 4

By Ron Drzewucki – www.moderncoinwholesale.com …..   Links to Part 1 | Part 2 | Part 3 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer […]

Gold & Silver PAC April 2016 e-Newsletter

Gold & Silver PAC April 2016 e-Newsletter

By Scott Barman for the Gold & Silver Political Action Committee …..   From the Political Coordinator When congress adjourns for spring break there may be a few stragglers that may be found in the halls of the congressional office buildings doing some sort of work. Staffers who live in the Washington, DC area work […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 3

By Ron Drzewucki – www.moderncoinwholesale.com ….   Link to Part 1 | Part 2 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 2

By Ron Drzewucki – www.moderncoinwholesale.com ….   Link to Part 1 In the U.S., sales tax is levied on a state and local level, so there is no one rule that fits all precious metal purchases. The complications wrought by conflict between the tax laws applying to the buyer versus the tax code applicable in […]

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

Ron Drzewucki’s Bullion Sales Tax Series, State by State: Pt. 1

By Ron Drzewucki – www.moderncoinwholesale.com ….   There’s no denying that the internet has changed our world dramatically over the last 20 years. When describing the impact that it’s had on our lives–and not just in the United States but all over the world–socially, economically and culturally, “revolutionary” is not too strong a word. What […]

Bill Eliminating PA Coin, Bullion Sales Tax Exemption Defeated

Bill Eliminating PA Coin, Bullion Sales Tax Exemption Defeated

By Hubert Walker for CoinWeek ….   On Monday, November 23, the Pennsylvania State Senate narrowly voted down an amendment to House Bill 683 that would have eliminated the statewide sales tax exemption on coins and bullion products. Amendment 4499, sponsored by Senate Policy Committee Chairman David G. Argall (R-29, Schuykill), was defeated by a […]

By November 25, 20150 Comments Read More →
Virginia Passes Bullion Sales Tax Exemption Bill

Virginia Passes Bullion Sales Tax Exemption Bill

A coalition of numismatic businesses, led by John Feigenbaum (David Lawrence Rare Coins), lobbyist Stephen Haner, and the Industry Council for Tangible Assets (ICTA), started working together last summer on legislation to exempt rare coins, paper money, and precious metals from Virginia’s sales and use taxes. In this year’s legislative session, HB 1648 (sponsored by […]

Potential Legislation to Negatively Affect the Numismatic Industry. VIDEO: 2:48

Potential Legislation to Negatively Affect the Numismatic Industry. VIDEO: 2:48

Gary Adkins, President, Adkins & Associates, Minnesota Coin Dealer Interviewer: David Lisot…….. A piece of potential legislation in Minnesota may have a chilling effect of coin businesses located in that state. Local dealer Gary Adkins also believes that if this law is passed in his state it could become a template for other legislation that […]

Gold Silver PAC Reception at Baltimore Expo

Gold Silver PAC Reception at Baltimore Expo

Legislative Efforts to Stop Chinese Counterfeiting and Repeal 1099 Requirements The Gold & Silver PAC held a reception honoring Congressman Lamar Smith (R-TX21): Chairman, House Judiciary Committee, Member of the House Homeland Security Committee and Member of the House Science Committee Held at the Whitman Coin Expo in Baltimore Topic: Counterfeit coins from China Speakers […]

 
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