Kentucky's new sales-tax exemption for bullion and currency is in legal limbo after Governor Beshear's veto attempt, leading to confusion for dealers. Retailers must now decide whether to collect sales tax, risking either consumer backlash or penalties from the Department of Revenue. Stay tuned for updates! #TaxExemption #Numismatics #KentuckyLaw #Bullion #CoinCollectors

One of our main goals is the elimination of sales tax on coins and bullion. 🪙 But what about interstate sales online? 🌐 In 2018, after South Dakota v. Wayfair, the Supreme Court ruled that sales taxes would be collected based on the buyer’s location, no matter where the seller was located. Immediately, many states moved to pass laws requiring sellers to become tax collectors on every kind of sale across state lines. 🛒 We have worked tirelessly to maintain and add to the sales tax exemptions for coins and precious metals in the face of these new laws. 💪⚖️ #SalesTax #Coins #Bullion #WayfairDecision #TaxExemptions #PreciousMetals

Exciting news for coin enthusiasts in Kentucky over the weekend! The state has officially joined the ranks of those offering sales-tax exemptions on coins, paper money, and precious-metal bullion. 💰 #KentuckyCoins #NumismaticCommunity #TaxExemption

Wisconsin's recent legislation, Assembly Bill 29, marks a significant step forward in economic policy, granting a sales tax exemption on precious metal bullion sales. This landmark decision underscores the state's commitment to fostering growth in the coins and precious metals market, benefiting both businesses and collectors alike. #WisconsinEconomy #PreciousMetals #TaxExemption 📜🎉

🎉 Breaking News! 🎉 Exciting update for Wisconsin's economy: The Legislature just passed a sales-tax exemption on precious-metal bullion sales! Governor Tony Evers signed it into law, effective March 22, 2024. This makes Wisconsin the 43rd state to do so. Huge thanks to all involved! Check out the full release here: https://bit.ly/3x3IOmD #Wisconsin #HistoricWin #TaxExemption

Wisconsin's bipartisan-backed bill, AB-29, advocating a sales tax exemption for coins and precious metal bullion, progresses to the Senate after earning approval from the Legislature's budget committee. Proponents argue that treating these investments as taxable commodities is fundamentally unfair, emphasizing that Wisconsin's current sales tax on precious metals sets the state apart from many others in the Midwest. 🪙🏛️ #TaxExemption #PreciousMetals #InvestmentPolicy

Exciting update on Wisconsin Assembly Bill 29! 📢 After clearing a significant hurdle by passing through the Assembly Committee on Ways and Means with a strong vote count of 8 Ayes and 4 Noes, AB 29 has achieved another milestone. Moreover, the Joint Survey Committee on Tax Exemptions has provided its endorsement, affirming the tax exemption-related provisions in AB 29 as "good public policy," with a decisive vote of Ayes, 8; Noes, 1. This dual endorsement further solidifies the bill's momentum as it continues its journey through the legislative process. But that's not all! It was read a second and third time on the Assembly floor and successfully passed, with an impressive count of Ayes 86 and Noes 12. This overwhelming support underscores the importance of the proposed Sales and Use Tax Exemption for Precious Metal Bullion. Now the Assembly has sent AB 29 to the Senate, where it will undergo a process similar to that which it had experienced in the Assembly. This signifies a significant step forward in the legislative journey for AB 29. Stay tuned for further developments on #WisconsinTaxExemption #PreciousMetals #LegislativeProcess. 🎉📜 Your support and engagement are vital as we work towards meaningful legislative outcomes!

Check out our latest update! Wisconsin Senate Bill 33: A Sales and Use Tax Exemption for Precious Metal Bullion, successfully passed through the Senate Committee on Universities and Revenue with 5 ayes and 3 noes. 🎉 Now, it's on its way to the whole Senate for further readings. Stay updated with us! #WisconsinTaxExemption #PreciousMetals #LegislativeProcess 💼📜

In the Cornhusker State, coins, bullion coins, bullion, and currency are all exempt from sales and use taxes. This is great news for coin enthusiasts and precious metal investors in Nebraska! “Bullion” includes bars, ingots, or commemorative medallions made of gold, silver, platinum, or palladium – or even a combination of these metals. Meanwhile, “currency” refers to coins or currency made of gold, silver, or other metal or paper that is or has been used as legal tender. 💰✨ #NebraskaTaxExemption #Numismatics #PreciousMetals 🏛️

🌟 Advocacy Spotlight 🌟 Today was a momentous day as NCBA Wisconsin dealer-members Andy Kimmel (Paragon Numismatics) and Michelle Voecks-Griesbach (Fox Valley Coin-Diamonds Etc), along with NCBA concerned collectors coalition member Clifford Mishler and industry issues advisor Patrick Heller, stood united in support of Senate Bill 33 at the Senate Committee on Universities and Revenue public hearing. A heartfelt thank you to Senator Rachael Cabral-Guevara (pictured on the right) and the other six senators who introduced SB33. Pat Heller, your leadership and dedication to this cause are truly commendable. Andy, Michelle, and Clifford, your commitment to attending the hearing and testifying is invaluable. Together, their collective expertise and advocacy play a crucial role in the success of our campaign for a sales and use tax exemption for precious metal bullion. Let's continue working together towards positive change! 💪🏛️ #WISB33 #PreciousMetalTaxExemption #AdvocacyMatters