Ohio Budget Kills Sales-Tax Exemption
The Ohio 2020–2021 budget eliminates the sales-tax exemption on the purchases of investment metal bullion and investment coins. The budget plan also directs the state to begin collecting sales taxes on interstate purchases.
FDIC Backs Down on “High-Risk” Merchant List
The Federal Deposit Insurance Corporation (FDIC) has fully reversed its position on a list of merchant categories thought to present a high risk for payment fraud. The misinterpretation of the list had resulted in banks’ severing ties with coin dealerships.