Category Archives: National Coin and Bullion Association

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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Bullion Legislation News, bullion precious metals, Coins and the Law, David Crenshaw, Featured Bullion, Florida, National Coin and Bullion Association, NCBA, Precious Metals, Recent Articles & Video

Florida Bill Removes Bullion From Secondhand Goods Regulation

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By National Coin and Bullion Association (NCBA) …… On May 24, 2023, Florida Committee Substitute / House Bill 737 was signed by Governor Ron DeSantis (R). The law will take effect July 1, 2023. The bill amends paragraph (i), subsection (1) of section 538.03 in the Florida Statutes, to revise its definition of “secondhand goods” […]

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

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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National Coin & Bullion Association Lobbies for NASCAR Coin

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By National Coin and Bullion Association (NCBA) …… The Numismatic Industry Coinage Advisory Committee (NICAC) is excited to announce that a bill supporting the first of its 2023 recommendations has been introduced to Congress. U.S. Representative Garret Graves (R-LA6) has agreed to sponsor and champion H.R.2838, the National Association for Stock Car Auto Racing (NASCAR) […]

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New National Coin & Bullion Association Website Launched

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NCBA, or the National Coin & Bullion Association (the trade name for the Industry Council for Tangible Assets or “ICTA“), has officially launched our new website — ncbassoc.org. “We believe the new website will be a benefit to NCBA members, providing many new improvements in an updated and smart-looking fashion. The site is user friendly, […]

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Virginia Bullion Sales-Tax Exemption Extended and Threshold Removed

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By National Coin & Bullion Association (NCBA) ……   On March 2, Virginia governor Glenn Youngkin signed House Bill 3, which extends the sunset date for the sales-tax exemption on gold, silver, and platinum bullion and legal tender coins to June 30, 2025. Under the previous law, the exemption would have expired on June 30, […]

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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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New Concerned Collectors Coalition to Replace NCBA Patron Membership

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The National Coin & Bullion Association (NCBA) is replacing our Consumer Patron-level membership with a new, free membership dedicated to collectors. The Concerned Collectors Coalition is specifically for individuals whose primary source of income is not generated by the sale of numismatic materials. Concerned Collectors Coalition members receive a membership certificate and the association’s quarterly […]

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Coin Dealers: Protect Your Business From State Greed

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In light of the Supreme Court’s South Dakota v. Wayfair decision, what would it mean for your business to be free of the burden of collecting sales tax on the coins, currency, and precious-metals bullion you sell? Even if your business is not located in one of the states below, if any of your customers–be […]

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Ohio Budget Bill Reinstates Investment Bullion and Coin Sales Tax Exemption

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The Ohio 2022–2023 budget reinstates the sales tax exemption for the purchases of investment metal bullion and investment coins that was eliminated in the previous budget. Two bills, House Bill 268 and House Bill 110, had the possibility of reinstating the exemption, with the budget bill, HB110, succeeding. The Ohio Senate Finance Committee and Ohio […]

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NCBA Seeks Dealer Data to Help Combat State Efforts Against Bullion Sales Tax Exemptions

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The National Coin & Bullion Association (NCBA) is fighting to preserve sales-tax exemptions on coins, paper money, and precious-metals bullion in 39 states, and we are also working to gain such an exemption in the 11 states that do not currently have one. We are currently seeking 400 coin and precious metals dealers to take […]

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Arkansas Governor Hutchinson Signs Bill Providing Sales Tax Exemption for Coins, Bullion

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By Industry Council for Tangible Assets…. On May 3, 2021, Arkansas governor Asa Hutchinson (R) signed into law Senate Bill 336, creating an exemption from the sales and use tax for coins, currency, and bullion. “The bill’s primary sponsor, Senator Mark Johnson (R), along with its House sponsor, Representative Delia Haak (R-91), championed the bill […]

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