Iowa Sales Tax Law became law July 1, 2006.

The ICTA is a national organization which helped guide us in our quest to eliminate sales tax on bullion, coin, and currency.

The exemption from Iowa Sales Tax:
Section 423.3, Code Supplement 2005, is amended by adding the following new subsection:

    NEW SUBSECTION.  89.  a.  The sales price from the sale of coins, currency, or bullion.

    b.  For purposes of this subsection:

    (1)  "Bullion" means bars, ingots, or commemorative

 medallions of gold, silver, platinum, palladium, or a

 combination of these where the value of the metal depends on

 its content and not the form.

    (2)  "Coins" or "currency" means a coin or currency made of gold, silver, or other metal or paper which is or has been used as legal tender.