ICTA - Your Industry Watchdog | News
Support Campaigns to Protect Your Business from State Greed

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 they wholesale or retail—are located in any of these states, you may be required to collect and file state taxes on their behalf.

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Ohio Budget Bill Reinstates Investment Bullion and Coin Sales-Tax Exemption
Friday, July 02, 2021 09:00 AM

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.

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Coin and Bullion Dealers, Tell Congress to Support Changes to AML Act of 2020
Wednesday, June 09, 2021 09:03 AM

The Anti-Money Laundering Act of 2020 became law on January 1, 2021, and Congress is currently developing many specific regulations related to the act. Several components of the new law that are still to be finalized will directly impact the numismatic and bullion industry, including:

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Arkansas Governor Hutchinson Signs Bill Providing Sales-Tax Exemption
Monday, May 03, 2021 10:30 AM

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. “The bill’s primary sponsor, Senator Mark Johnson, along with its House sponsor, Representative Delia Haak, championed the bill through the legislature,” said Dan Hedges (Auro Industries, Little Rock, Arkansas). “Arkansas dealers, collectors, and investors cannot thank them enough for their dedication.”

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Introducing Our New Brand Identity
Tuesday, April 06, 2021 10:00 AM

Big news! Today, after 36 years, we are releasing a new brand identity, which includes a new name, logo, and website.

The time has come to specify the mission of the Industry Council for Tangible Assets in our branding, including our name and logo. We do not represent the broad range of collectible tangible assets that our name implies, which could include anything from antiques to postage stamps to memorabilia to fine wines, and much more.

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