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ICTA Names New Officers

ICTA chairman Philip N. DiehlAt its Board of Directors meeting last week in Anaheim, California, the Industry Council for Tangible Assets installed its new officers for 2016–2018.

Former U.S. Mint director Philip N. Diehl, currently the president of U.S. Money Reserve in Austin, Texas, was named as the new chairman. Diehl served on the ICTA board for many years prior to being named chair.

Gary Adkins Receives 2016 PNG Lifetime Achievement Award

Pictured from left, Dana Samuelson (PNG president), Gary Adkins, and Bob Brueggeman (Executive Director)Gary Adkins of Minneapolis, Minnesota, who served as president of the Professional Numismatists Guild from 2007 to 2009, serves on the Industry Council for Tangible Assets Board of Directors, and is the current vice president of the American Numismatic Association, is the recipient of the PNG 2016 Lifetime Achievement Award. Adkins received the award during the PNG annual banquet on August 8, 2016 in Anaheim, California.

Ohio Governor Kasich Signs Sales-Tax Exemption Legislation

On June 14, 2016, Ohio governor John Kasich signed into law SB 172, which provides for a sales-tax exemption on rare coins and precious-metals bullion. The new law will take effect on January 1, 2017. Ohio becomes the 34th state to have a complete or partial sales-tax exemption on the retail sales of rare coins, paper money, and precious-metals bullion.

Minnesota Law Targeting Coin Dealers Is Amended

Minnesota Gov. Mark Dayton recently signed the Minnesota SF 3175: Bullion Product Dealers Regulation Authorization, culminating major legislative effort led by the Industry Council for Tangible Assets (ICTA) to reform the most troublesome law for coin dealers in modern memory.

ICTA Passes Major Reform Legislation in Minnesota

Three years ago, Minnesota passed legislation that could have been devastating for coin dealers, collectors, and investors across the country. Despite its name, the Minnesota Bullion Coin Dealer Law reached far beyond bullion coin dealers. The law covered all dealers of coins with a precious-metal content of 1% or more, including numismatic coins dating back to the ancients.

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