May 15, 2021
Vital rare coin & paper money industry updates
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May 4 — On May 3, 2021, Arkansas governor Asa Hutchinson signed into law Senate Bill 336, creating an exemption from the sales and use tax for coins, currency, and bullion.
Apr 27 — When the Supreme Court decided in favor of South Dakota in the 2018 case South Dakota v. Wayfair, the landscape for sales across state lines—using any form of communication, including but not limited to telephone, newspaper, mail, or Internet—changed.
Feb 8 — The Diane Piret Memorial Outstanding Service Award was awarded to Mr. Duncan for his continuous dedication and financial contributions to maintaining Washington State’s sales-tax exemption on sales of collector coins, bullion coins, and bullion.
Feb 12 — He received the 2019 Diane Piret Memorial Outstanding Service Award for his efforts on Kansas House Bill 2140. The bill provides a sales-tax exemption on sales of gold and silver coins and on all gold, silver, platinum, and palladium bullion.
Sep 25 — ICTA chair John Brush (right) presents Patrick Heller with an engraved clear crystal wave award: Thank You / PATRICK A. HELLER / for 17 years / of Dedicated Service / a
Jul 23 — ICTA member Dave Miholer (Executive Coin Company, Stow, OH) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the pur
Mar 5 — ICTA and the numismatic industry is grappling with a set of new tax-collecting regulations that have spun off from the landmark Wayfair Vs. South Dakota United States Supreme Court ruling last summer.
National Coin and Bullion Association
The Industry Council for Tangible Assets, dba “National Coin & Bullion Association,” is a 501(c)(6) tax-exempt trade association dedicated to the coins, currency, and precious-metals bullion communities for over 36 years. NCBA exists to promote and safeguard the interests of its members, serving as the industry’s watchdog to maintain a favorable legislative and regulatory climate in the United States federal government and individual state governments. The association provides a medium through which its members may confer, consult, cooperate with, and educate governmental and other agencies to solve problems affecting their businesses. NCBA also offers its members assistance and information on new and existing laws and regulations and promotes harmony and cooperation among its members to advance the welfare of the numismatic communities.related news