ICTA - Your Industry Watchdog | News
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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Aureus POS Partners with Avalara to Automate Tax Compliance

Aureus logoCustomers in the coin and bullion industry now benefit from Avalara’s real-time sales and use tax calculations with the Aureus POS platform

Aureus Point-of-Sale (POS), designed specifically for the coin and bullion industry, announced today it has partnered with Avalara (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes.

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Washington State Coin Dealer Dan Duncan Receives Service Award

The 2020 Diane Piret Memorial Outstanding Service Award recipient Dan Duncan.The Industry Council for Tangible Assets dealer-member Dan Duncan (Pinnacle Rarities, Olympia, Washington) has received the association’s 2020 Diane Piret Memorial Outstanding Service Award for his continuous dedication and financial contributions to maintaining Washington State’s sales-tax exemption on sales of collector coins, bullion coins, and bullion.

Duncan and other local dealers, particularly Karen Feldman (Tacoma Mall Blvd Coin & Stamp), Ryan Hoolihan (Bellevue Rare Coins), and Todd Hughes (Pacific Northwest Numismatic Association), have recently stopped three separate attempts to repeal the sales-tax exemption. The Association of Washington Businesses also helped tremendously in these efforts.

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