Tag: tax on coins

Gold & Silver PAC July 2017 e-Newsletter

Gold & Silver PAC July 2017 e-Newsletter

Gold & Silver American Eagle Coins By Scott Barman for the Gold & Silver PAC …..   From the Political Coordinator During a meeting of the Gold & Silver PAC at the National Money Show in March 2013, members were provided a chance to meet with Representative Steve Scalise (R-LA1), the Republican representative from New Orleans. […]

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 & 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 […]

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 […]

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 […]

 
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