Since 1983, ICTA has been our eyes and voice in Washington, DC. Without ICTA, the industry and hobby are subject to the whims of legislators, regulators, and bureaucrats who are eager to appease whatever special interest group gets their attention.
The Industry Council for Tangible Assets (ICTA) works to prevent laws and regulations that would interfere with your ability to do business, are excessively burdensome, or both. ICTA also actively proposes laws and regulations that would benefit both the hobby and the industry. Equally important, ICTA educates dealers on compliance with existing laws and regulations. Much of our effort is directed toward issues of taxation and other IRS requirements.
Since its establishment in 1983, ICTA has developed important contacts within many government agencies—in fact, they often contact us for input from our industry on laws and regulations before they are finalized. In our work with these agencies, we sometimes obtain critical, industry-specific clarifications, which we make available to our members. (Some of these clarifications are available only through ICTA—even an IRS examiner may not have these documents.)