Alabama exempts gold and silver bullion and coins from sales tax
Submitted by cpowell on 03:15PM ET Saturday, March 10, 2018. 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.
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: