Tag: 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, […]

Gold & Silver PAC March 2017 e-Newsletter: Tax Edition

Gold & Silver PAC March 2017 e-Newsletter: Tax Edition

By Scott Barman for the Gold & Silver PAC …..   It’s tax time. Some expert tips to make sure you are in compliance with the law. Internet Sales Tax Although congress has not had any discussions about interstate sales taxes for cross-state purchases, the National Governors Association (NGA) did have some discussions about the issue […]

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

FBI: Former New Jersey Coin Dealer Admits Identity Theft, Income Tax Evasion

By Federal Bureau of Investigation ….   [UPDATE, 3/5/2017: The Professional Numismatists Guild (PNG) issued the following statement on March 2 in reference to this case. –CoinWeek] The Professional Numismatists Guild (www.PNGdealers.org) has accepted the resignation of PNG member-dealer William Dominick of Naples, Florida. PNG Executive Director Robert Brueggeman had suspended Dominick pending ratification of […]

CoinWeek News Wire for February 17, 2017

CoinWeek News Wire for February 17, 2017

By Coinweek ….   CoinWeek News Wire for February 17, 2017 Brain Food 1.) A walk through the coinage of ancient India “The first known coins of India, the silver bent bars of the Gandhara Janapada region (Afghanistan, which was part of India), were punch marked coins with symbols of flowers on each side dated […]

By February 17, 20170 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 […]

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 […]

 
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