You are here

Alabama exempts gold and silver bullion and coins from sales tax

Section: Daily Dispatches

ICTA Wins Another One for Coin Buyers

By Dave Harper
Numismatic News, Iola, Wisconsin
Thursday, March 8, 2018

The Industry Council for Tangible Assets has notched another sales tax win.

Congratulations.

Alabama becomes the 37th state to exempt sales of gold, silver, platinum, and palladium bullion and money, ICTA's David Crenshaw reports.

Numismatic commerce can blossom thanks to Gov. Kay Ivey. She signed into law Senate Bill 156 on March 6 to create a sales and use tax exemption on U.S. coins and currency and precious metals bullion sales.

Of course she isn't the only one who deserves the high praise of collectors.

"The bill's author, Sen. Tim Melson, along with its House sponsor, Rep. Ron Johnson, championed the bill through the legislature," said Phil Darby (J&P Coins and Currency in Helena).

"Alabama coin businesses and collectors owe them a debt of gratitude," Darby said. ...

... For the remainder of the report:

http://www.numismaticnews.net/buzz/icta-wins-another-one-coin-buyers



ADVERTISEMENT

Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

https://goldco.com/



Join GATA here:

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16