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 Replies: 8 / Views: 1,921 |
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Valued Member
299 Posts |
Does anyone know why the change in policy : Heritage as of 8/1 charging sales tax for coins shipped to various states ; this case Ohio which itself repealed sales tax on coins/bullion? I have no intention of adding another 5-3/4 to 8 percent to the 20% BP and high postage rates.
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Bedrock of the Community
13014 Posts |
Because of the Supreme Court decision. All the auction houses will be charging sales tax but it should only apply to states that have it.
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Pillar of the Community
United States
509 Posts |
In California the sales tax is applied if sold by company in California no matter where the buyer is. So if is sold in the San Francisco location it is taxed.
Edited by jst1dreamr
08/12/2018 03:24 am
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Pillar of the Community
United States
7375 Posts |
I was thinking of bidding on a Heritage coin last month, and called them to get a specific answer about tax. They said because I'm in GA there's no tax. That's what I thought. If you are in TX, CA, NY, and a couple of others, and apparently OH, there is tax. Definitely states where Heritage has corporate offices, will get tax charged. Always good to check first.
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Valued Member
 299 Posts |
This is why I'm surprised - Ohio was exempt from 1989-2005, reimposed 2005-2016 (coin business and shows in the state died during this period) and once again freed from the burden in 2016 , signed by the Governor. I really hope this is a mixup by Heritage (I've been a customer for 35 years) but, if not, farewell ... I'm not handing 5-8% of my coins to the state.
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Pillar of the Community
 United States
4601 Posts |
basebal21 is incorrect. The recent Supreme Court decision upheld the CONCEPT of charging sales tax based on the location of the purchaser, but each individual state will have to pass the appropriate laws to define how to collect it. The law in SD is now in effect... Under the prior law, if you had a nexus (usually a physical one) in a state - a store, warehouse, office, etc. you had enough presence to require collection of the tax. Could be that HA has bought somebody with an office/store in OH recently. When asked about NJ (another location they recently started collecting tax for), it turned out they have a division located there. https://businesssearch.sos.state.oh.us/#busDialoghttps://bizimage.sos.state.oh.us/ap...2201730/true-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
4692 Posts |
Sales tax in CA only applies if the sale is under $1,500.
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Pillar of the Community
United States
4601 Posts |
Which is meaningless in OH.
That's the problem, there are 56 different jurisdictions, each with unique rules. This weekend is the Sales Tax Holiday in Texas, so clothing at less than $100 per piece is tax-free. That and a $1 will buy you a cuppa McJoe across the border in Oklahoma.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
13014 Posts |
Quote:
basebal21 is incorrect. The recent Supreme Court decision upheld the CONCEPT of charging sales tax based on the location of the purchaser, but each individual state will have to pass the appropriate laws to define how to collect it. Like I said because of the Supreme Court decision. Without that decision businesses without a nexus would have continued to say it is the responsibility of the buyer. The Supreme Court decision was the end of the challenge that has now allowed the states to use businesses as tax collectors without having to pay them. Next will be cities, counties, towns ect. If states can do it they'll eventually follow |
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Replies: 8 / Views: 1,921 |
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Posted 08/11/2018 11:12 pm
