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CCBMA advocates for fair treatment and clarity on sales tax threshold changes

CCBMA advocates for fair treatment and clarity on sales tax threshold changes
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United statesSan diegoBullion merchants associationBullion associationCalifornia department of taxNational coinFee administrationCalifornia coinCalifornia departmentBulk salesMonetized bullionNonmonetized goldSilver bullionNumismatic coins increased

California Bullion Dealers Advocate for Clarity on Tax Changes

California increased its exemption threshold for sales and use tax on bulk sales of bullion and numismatic coins effective January 1, 2023.

San diegoUnited statesNational coinBullion merchants associationCalifornia department of taxFee administrationBullion associationCalifornia coinCalifornia departmentBulk salesMonetized bullionNonmonetized goldSilver bullionNumismatic coins increased

Florida law stops waiting period for bullion sales

Retailers of secondhand goods in Florida will not have to hold bullion for 30 days after July 1 as a new law takes effect that excludes bullion from the definition that caused the restriction.

Sankt peterburgUnited statesDavid crenshawEmilie socashRon desantisShane socashFlorida association of secondhand dealersNational coinBullion associationFlorida governor ron desantisHouse billFlorida statutesDavid reynolds jewelryMark anderson consultingGovernor ron desantisFlorida association

Florida Bill Removes Bullion From Secondhand Goods Regulation

In May, Florida gov. Ron DeSantis signed a bill removing gold and other precious metal bullion from the state's secondhand goods regulation.

Saint petersburgSankt peterburgUnited statesWebster barnabyChristopher benjaminJoe grutersDavid crenshawEd hooperJames moody jrRon desantisShane socash david reynoldsNick diceglieEmilie socashNational coinFlorida committee substitute houseBullion association

California Coin and Bullion Sales and Use Tax Regulation Changed

The National Coin and Bullion Association has issued an alert to collectors and investors about changes to California's coin and bullion tax.

United statesCalifornia department of taxNational coin bullion associationFee administrationCustomer service centerNational coinBullion associationCalifornia coinBullion salesUse tax regulationCalifornia departmentTax information bulletinService center