ICTA Thanks Mike Fuljenz

As you probably know, ICTA is the national trade association that is the “watch dog” for the coin/precious metals community, most especially on the federal level. We’re a comparatively very small association and can only do so much with our small staff. When being proactive with in-state dealers to try to achieve a state sales tax exemption on coins and precious metals, they usually hire a lobbyist and then work with ICTA for the education part. We then all work together to first educate the lobbyist who then may find an appropriate legislator to sponsor the bill before going to the next step of educationg the rest of the legislators. This is slightly an oversimplification, but you get the idea.

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Fuljenz Helps Eliminates Taxes on Sales of Coins in Texas

By Ed Reiter – Executive Director, Numismatic Literary Guild

Recently, hobbyist and investors were pleased to learn that legislatures in two states, Texas and Louisiana, had voted to eliminate tax on sales of coins and precious metals. Both states already were providing a sales tax exemption on coin and bullion transactions of $1,000 or more, but the new legislation eliminates that threshold in both states and removes the tax from sales of any amount.

Mike Fuljenz, of Beaumont, Texas spearheaded the fight in the Lone Star State, hiring a lobbyist and waging a two-year campaign to block threatened removal of the limited exemptions then in effect. “There were people pushing to do away with the exemption over $1,000,” Fuljenz said. “We not only got the legislature to preserve that exemption, but ended up gaining a total exemption on everything.”

Numismatist Mike Fuljenz is lauded by Doug Davis for his classes about the complexities of numismatic crime

Mike Fuljenz helps 42 Florida detectives become more knowledgeable about how to handle and investigate numismatic crime.

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Report from the World's Fair of Money in Chicago

Fox 4 KBTV: Mike Fuljenz and Jessica Guidry honored with NLG 2013 Best Television Report Award