Tag: Sales Tax

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numismatic community stood united in helping defeat House Bill 206 in the Maryland General Assembly, which would have repealed the Sales Tax Exemption for Precious Metal Bullion and Coins.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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