Tag: Industry Council for Tangible Assets

North Carolina Joins 35 Other States with Sales Tax Exemption on Coins

North Carolina Joins 35 Other States with Sales Tax Exemption on Coins

By Industry Council for Tangible Assets …..   On Tuesday, July 25, 2017, North Carolina governor Roy Cooper signed into law House Bill 434: Coins/Currency/Bullion Sales Tax Exemption. The law is a complete sales-and-use tax exemption on coins, currency, and precious-metals bullion sales. “The bill’s author, Representative Dana Bumgardner, coauthors Representative Jeff Collins, Representative Mark […]

Meet Former Mint Director Philip Diehl at ANA World’s Fair of Money

Meet Former Mint Director Philip Diehl at ANA World’s Fair of Money

By Industry Council for Tangible Assets (ICTA) ……   Meet former U.S. Mint director Philip N. Diehl in person at the 2017 American Numismatic Association (ANA) World’s Fair of Money in Denver! From Diehl’s creation of the popular 50 State Quarters program to his launch of the first-ever U.S. government–issued platinum coin, he is considered […]

Bullion & Precious Metals Organization ICTA Launches Facebook Page

Bullion & Precious Metals Organization ICTA Launches Facebook Page

By Industry Council for Tangible Assets …..   The Industry Council for Tangible Assets is now on Facebook. The association’s new social media site is a place where visitors can learn more about the association and members can stay up to date on association activities. “Facebook is a great way to highlight the breadth of […]

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, […]

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 […]

ICTA Names Industry Notables to Task Force Steering Committee, Forms Work Groups

ICTA Names Industry Notables to Task Force Steering Committee, Forms Work Groups

By Industry Council for Tangible Assets …..   The Industry Council for Tangible Assets (ICTA) has named an 11-member Steering Committee and has formed eight Work Groups to begin the work of its Anti-Counterfeiting Task Force (ACTF). ICTA created the Anti-Counterfeiting Task Force in January and named Beth Deisher as its director. ACTF’s mission is […]

Counterfeits – The Battle Begins

Counterfeits – The Battle Begins

The best protection against the threat of counterfeits is to buy coins from a reputable source By Jeff Garrett for Numismatic Guaranty Corporation (NGC) ……   My term as President of the American Numismatic Association (ANA) will expire in August. I have told many friends and business associates that I still have much that I […]

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 […]

Consumer Protection News – Anti-Counterfeit Task Force Formed

Consumer Protection News – Anti-Counterfeit Task Force Formed

Beth Deisher Hired as Director By Industry Council for Tangible Assets …..   The Industry Council for Tangible Assets (ICTA) has formed a task force to mobilize law enforcement resources to protect the integrity of U.S. coinage by educating officials on the economic impact and growing threat counterfeit circulating, collectible and bullion coins pose to […]

First Candidates for ANA President Enter the Race

First Candidates for ANA President Enter the Race

By CoinWeek News Staff ….   2017 will see the end of American Numismatic Association (ANA) President Jeff Garrett’s term of office, and already two individuals have come forward to announce their candidacies to replace him. Mike Ellis The first candidate for the next ANA presidency is Mike Ellis. Former member of the Board of […]

ICTA Welcomes New Team Member

ICTA Welcomes New Team Member

By Industry Council for Tangible Assets …..   The Industry Council for Tangible Assets (ICTA) is expanding its team with legal and legislative-affairs expertise. Effective October 3, Jonathon Villavicencio (Sacramento, California) became the association’s legislative-affairs coordinator. John brings ICTA his expansive knowledge of legislative and regulatory processes, having spent the past two years working as […]

The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl: The Inside Story of the Sacagawea Dollar

The Real Diehl is a select column by former United States Mint Director Philip N. Diehl, exclusively for CoinWeek …..   This series of articles will give readers an insider’s view of how Washington, DC, works (and doesn’t work) from my perspective as director of the U.S. Mint The complete story of how the Sacagawea dollar (aka, the Golden […]

ANA Honors Notable Numismatists with Service Awards

ANA Honors Notable Numismatists with Service Awards

Recipients recognized at the World’s Fair of Money® Awards Banquet and Member Donor Reception The following individuals were formally recognized for their contributions to the hobby and the American Numismatic Association (ANA) on August 12 during the Awards Banquet and August 11 during the Member Donor Reception at the Anaheim World’s Fair of Money. The […]

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. […]

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 […]

Gov. Kasich Signs Bill Resuming Ohio Coin, Bullion Sales Tax Exemption

Gov. Kasich Signs Bill Resuming Ohio Coin, Bullion Sales Tax Exemption

By CoinWeek News Staff ….   On Tuesday, June 14, former Republican Party presidential hopeful and current governor of Ohio John Kasich signed a bill that restores a tax exemption on the sale of precious metal bullion and “investment” coins that was repealed in the wake of the Coingate scandal in 2005. The newly-resurrected exemption […]

ICTA: Minnesota Law Targeting Coin Dealers Amended

ICTA: Minnesota Law Targeting Coin Dealers Amended

ICTA Led Industry Effort Revises Most Troublesome Aspects of State Law By Industry Council for Tangible Assets ……   Minnesota governor Mark Dayton (D) recently signed the Minnesota SF 3175: Bullion Product Dealers Regulation Authorization, culminating major legislative effort led by the Industry Council for Tangible Assets (ICTA) to reform the most troublesome law for […]

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 […]

ICTA: David Crenshaw Recognized for Service to Numismatic Hobby

ICTA: David Crenshaw Recognized for Service to Numismatic Hobby

By Industry Council for Tangible Assets ….   At the Georgia Numismatic Association’s (GNA) annual banquet on April 16, special guest and American Numismatic Association (ANA) president Jeff Garrett recognized an individual who has made numerous contributions to the hobby and to the American Numismatic Association: “When David Crenshaw was 10 years old, he picked […]

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 […]

Bullion, Coins & Taxes – Indiana Gov. Signs Sales Tax Exemption Bill

Bullion, Coins & Taxes – Indiana Gov. Signs Sales Tax Exemption Bill

By Industry Council for Tangible Assets….   On March 24, Indiana governor Mike Pence (R) signed into law HB 1046 (source: PDF), which provides for a sales-tax exemption on rare coins, paper money, and precious-metals bullion. The new law will take effect on July 1. Indiana becomes the 33rd state to have a complete or […]

Bullion Coins – Tennessee Sales Tax Exemption Legislation Introduced

Bullion Coins – Tennessee Sales Tax Exemption Legislation Introduced

By Industry Council for Tangible Assets ….   The Industry Council for Tangible Assets (ICTA) recently received a very generous donation from member Joey Ashley (Miller’s Coin & Currency, with stores in Pooler, Georgia and Cleveland, Tennessee) to help with an initiative to obtain a sales-tax exemption for precious-metals bullion, rare coins, and paper money […]

Coin Shows – CSNS Convention Scheduled for Schaumburg, Illinois

Coin Shows – CSNS Convention Scheduled for Schaumburg, Illinois

By Central States Numismatic Society ….. The 77th Anniversary Convention of the Central States Numismatic Society will be held in Schaumburg, Illinois at the Schaumburg Convention Center and adjoining Renaissance Hotel during the last week in April. The event site is located at 1551 North Thoreau Drive in the northwest suburb roughly 10 miles from […]

Patrick Heller Honored with Outstanding Service Award

Patrick Heller Honored with Outstanding Service Award

January 6, Tampa, Fla. — Industry Council for Tangible Assets board member Barry Stuppler (left) presents Patrick A. Heller with the organization’s inaugural Diane Piret Memorial Outstanding Service Award at the organization’s board of directors meeting. By Industry Council for Tangible Assets….   Industry Council for Tangible Assets (ICTA) treasurer and Liberty Coin Service owner […]

Help Support NCIC Today

Help Support NCIC Today

By Industry Council for Tangible Assets….   Three homicides, increased proliferation of counterfeits, thefts,and fraudulent checks proved costly to dealers and collectors in 2015. Numismatic crime continues to plague the numismatic community and often proves to be emotionally and financially devastating to victims. However, in 2015 the Numismatic Crime Information Center (NCIC) was successful in […]

ICTA Seminar to Provide Important Information for Coin Dealers

ICTA Seminar to Provide Important Information for Coin Dealers

By Industry Council for Tangible Assets ……   Speakers at a joint seminar will be discussing a variety of topics at the upcoming Florida United Numismatists (FUN) show. The seminar will be hosted by the Industry Council for Tangible Assets (ICTA) and will take place from 10:00 a.m. to 11:30 a.m. on Wednesday, January 6, […]

By December 15, 2015 Read More →
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 →
Pennsylvania Bill to Eliminate Sales Tax Exemption on Coins, Precious Metals

Pennsylvania Bill to Eliminate Sales Tax Exemption on Coins, Precious Metals

By Hubert Walker for CoinWeek ….   According to an email alert issued by the Industry Council for Tangible Assets (ICTA), the Pennsylvania State Senate next week will vote on a bill that would, among other things, eliminate the state’s current sales tax exemption for coins and precious metal products. The bill, introduced by Policy […]

By November 20, 20150 Comments Read More →
New Private Health Insurance Exchange for ICTA Members

New Private Health Insurance Exchange for ICTA Members

By Industry Council for Tangible Assets….   Recognizing the need for members to have access to health insurance and wellness programs, the Industry Council for Tangible Assets (ICTA) has engaged the services of USI Affinity Insurance to offer a private health-insurance marketplace. USI Affinity expands the notion of what “member benefits” are by making the […]

ICTA Seeking YN Scholarship Applicants

ICTA Seeking YN Scholarship Applicants

By Industry Council for Tangible Assets….   The Industry Council for Tangible Assets (ICTA) is now accepting applications for its annual Diane Piret Memorial Young Numismatist Scholarship to the 2016 American Numismatic Association (ANA) Summer Seminar. The scholarship will cover one week-long seminar fee and airline transportation to/from the seminar. You must be age 13 […]

 
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