Ohio Set to Remove Sales Tax Exemption on Bullion Purchases
The Industry Council for Tangible Assets (ICTA) has issued a press release outline the elimination of tax exemption of bullion purchases in Ohio. The new rule is part of the state’s 2020-2021 budget and goes into effect October 1, 2019. From that point forward, If you buy bullion or investment coins within Ohio, you will have to pay sales tax on that purchase. Further, the new budget requires that deals collect sales tax on intrastate …