Category Archives: Bullion Taxes

Bullion Legislation News, bullion precious metals, Bullion Taxes, California, California Sales Tax, Coins and the Law, Featured Bullion, lobbying, National Coin and Bullion Association, Precious Metals News, Recent Articles & Video, Taxes on Coins

California Resolves Coin, Bullion Sales Tax Issue With Legislation

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By National Coin and Bullion Association (NCBA) …… Last week, Senate Bill 889 (SB 889) reached the desk of California Governor Gavin Newsom for his signature, bringing an end to a three-month negotiation between the California Coin and Bullion Merchant Association (CCBMA) and the California Department of Tax and Fee Administration (CDTFA). The legislation addresses […]

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bullion precious metals, Bullion Taxes, California, Clubs & Organizations, Coin Dealer News, Coins and the Law, Dealer News, Featured Bullion, National Coin and Bullion Association, NCBA, Numismatic organizations, Precious Metals, Recent Articles & Video, Taxes on Coins

California Bullion Dealers Advocate for Clarity on Tax Changes

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The California Coin and Bullion Merchants Association (CCBMA) is taking a stand against the California Department of Tax and Fee Administration (CDTFA) for its failure to notify dealers about significant changes to the sales tax threshold after CDTFA imposed penalty assessments on dealers who were unaware of the increase when filing their quarterly reports. After […]

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California Coin and Bullion Sales and Use Tax Regulation Changed

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By National Coin and Bullion Association (NCBA) …… The state of California has increased its exemption threshold for sales and use tax on bulk sales of monetized bullion, nonmonetized gold or silver bullion, and numismatic coins, effective January 1, 2023. With higher inflation rates in 2022, regulations stipulated that the threshold adjust from $1,500 to […]

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Arkansas Removes Taxes on Gold and Silver

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By Money Metals Exchange …… House Bill 1718, the Arkansas Legal Tender Act, has become the law in the “Natural State”. Backed by sound money advocates and supporters throughout the state and nation, HB 1718 reaffirms gold and silver as legal tender, as well as ends all taxes on the purchase, sale, or exchange of […]

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Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Bullion Legislation News, bullion precious metals, Bullion Taxes, Coin Dealer News, Coin Taxes, Coins and the Law, Dealer News, Home Page Bullion, legislation, lobbying, Mississippi, Money Metals Exchange, Precious Metals, Precious Metals Lobby, Precious Metals News, Recent Articles & Video, Sales Tax, Sound Money Defense League, tax exemption, taxes, Taxes on Coins

Mississippi Ends Sales Tax on Gold and Silver

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By Money Metals Exchange …… With the stroke of Governor Tate Reeves’s (R) pen on Wednesday, April 19, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion. Senate Bill 2862, sponsored by State Senator Juan Barnett (D-34), had […]

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Bullion Legislation News, bullion precious metals, Bullion Taxes, Coin Taxes, Coins and the Law, Home Page Bullion, Kentucky, legislation, lobbying, Money Metals Exchange, Precious Metals, precious metals bullion, Precious Metals Legislation, Precious Metals Lobby, Recent Articles & Video, Sales Tax, Sound Money Defense League, Stefan Gleason, tax exemption, taxes, Taxes on Coins

Kentucky House Votes to End Sales Tax on Gold, Silver

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By Stefan Gleason – Money Metals Exchange …… Responding to overwhelming grassroots support over the last three years, lawmakers in the Kentucky House of Representatives have voted today, March 9, 2023, to end the state’s controversial practice of imposing sales taxes on all purchases of precious metals. House Bill 360 (PDF Link), a sweeping sales […]

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Mississippi Legislature Votes to End Sales Tax on Gold and Silver

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By Stefan Gleason – Money Metals Exchange ……   State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature. Senate Bill 2019 (PDF link), sponsored by Senator Chad […]

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Bullion Legislation News, bullion precious metals, Bullion Taxes, Coin Taxes, Coins and the Law, Dealers and Companies, Home Page Bullion, legislation, lobbying, Mississippi, Money Metals Exchange, Precious Metals, precious metals bullion, Precious Metals Lobby, Precious Metals News, Recent Articles & Video, Sales Tax, Sound Money Defense League, Stefan Gleason, tax exemption, taxes, Taxes on Coins

Mississippi Legislature Votes to End Sales Tax on Gold and Silver

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By Stefan Gleason – Money Metals Exchange ……   State lawmakers of both houses have just voted overwhelmingly to exempt physical gold, silver, platinum, and palladium coins and bullion from the Mississippi state sales tax, sending the bill to Governor Tate Reeves (R) for his signature. Senate Bill 2019 (PDF link), sponsored by Senator Chad […]

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Tennessee Governor Signs Full Repeal of Sales Taxes on Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… With Governor Bill Lee’s (R) signature on Friday, Tennessee has officially become the 42nd state in the United States to remove sales taxes from constitutional sound money (i.e., gold and silver). Tennessee’s House Bill 1874 and Senate Bill 1857, introduced by Representative Bud Hulsey (R-2) and Senator […]

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Tennessee to Become 42nd State to End Sales Taxes on Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… Both houses of the Tennessee legislature yesterday overwhelmingly passed bills that would make the Volunteer State the 42nd state in the U.S. to remove sales taxes from constitutional sound money (i.e., gold and silver). Tennessee’s House Bill 1874 and Senate Bill 1857, introduced by Representative Bud Hulsey […]

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Alabama Expands, Extends Sales Tax Exemption Involving Gold and Silver

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By Stefan Gleason – Money Metals Exchange …… With Governor Kay Ivey’s signature on sound money legislation today, Alabama has become the second state this year to expand its sales tax exemption involving gold and silver. Alabama Senate Bill 13, championed by State Senator Tim Melson (R) and Representative Jamie Kiel (R-18), passed with unanimous […]

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Precious Metals Service Awards Given to Arkansas, Ohio Coin Dealers

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By National Coin & Bullion Association (NCBA) …… The National Coin & Bullion Association (NCBA) dealer-members Dan Hedges (Auro Industries in Little Rock, Arkansas) [Left] and David Miholer (The Executive Coin Company in Stow, Ohio) [Right] have received the association’s 2021 Diane Piret Memorial Outstanding Service Award for their continuous dedication and financial contributions to […]

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Gold & Precious Metals News: Ohio Budget Kills Sales-Tax Exemption for Bullion, Coins

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By Industry Council for Tangible Assets (ICTA) …… ICTA member Dave Miholer (Executive Coin Company, Stow, Ohio) brought to our attention in May that the Ohio 2020–2021 budget eliminated the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on […]

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

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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 during […]

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Virginia Becomes Latest State to Pass Rare Coin Sales Tax Exemption

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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 (ICTA)–have […]

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