Tag: Sales Tax

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. […]

By August 19, 2016 0 Comments Read More →
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 […]

By August 3, 2016 0 Comments Read More →
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 […]

By June 20, 2016 0 Comments Read More →
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signed a bill that restores a tax exemption on the sale of precious metal bullion and “investment” coins that was repealed in the wake of the Coingate scandal in 2005.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 […]

By June 16, 2016 0 Comments Read More →
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 […]

By April 14, 2016 1 Comments Read More →
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 […]

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 […]

By March 28, 2016 0 Comments Read More →
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 […]

By March 23, 2016 0 Comments Read More →
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 […]

By December 17, 2015 0 Comments Read More →
Ohio House of Representatives Passes Coin Sales Tax Exemption (UPDATE July 6, 2015)

Ohio House of Representatives Passes Coin Sales Tax Exemption (UPDATE July 6, 2015)

By Hubert Walker for CoinWeek ….   UPDATE, 7-6-2015: House Bill 26 was considered by the Ohio State Senate for the first time on June 18, and was referred to the Senate Ways and Means Committee on June 24. On Wednesday, June 17, the Columbus Dispatch in Columbus, Ohio reported that the Ohio House of […]

By June 18, 2015 0 Comments Read More →
Taxing Coin Sales: A Bureaucratic Nightmare In The Making?

Taxing Coin Sales: A Bureaucratic Nightmare In The Making?

By Al Doyle for CoinWeek….   It’s potentially one of the bigger – but least publicized – issues involving the purchase of precious metals, rare coins and every other item sold by mail order. In the political world’s never-ending quest for more money, Congress is giving serious consideration to forcing merchants to collect sales tax […]

By April 14, 2015 8 Comments Read More →
Nebraska Passes Sales Tax Exemption for Coins and Bullion

Nebraska Passes Sales Tax Exemption for Coins and Bullion

ICTA Member Deb Evans-Olson Leads Effort Nebraska is the 31st state to pass a sales tax exemption on rare coins and precious metals product. Governor Heineman signed LB 867  on April 2, which immediately became law upon his signing. The portion of the bill relevant to our industry is Section 14: Sales and use taxes […]

By April 7, 2014 1 Comments Read More →
Maryland Governor Proposes Sales Tax Exemption Repeal

Maryland Governor Proposes Sales Tax Exemption Repeal

Last year the numismatic community stood united in helping defeat House Bill 206 in the Maryland General Assembly, which would have repealed the Sales Tax Exemption for Precious Metal Bullion and Coins. We are grateful for the way the coin community came together to help defeat the bill and save jobs and economic opportunity in […]

 
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