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Washington state starts 10.3% tax on precious metals sales Jan. 1, 2026, ending 40-year exemption.
Starting Jan. 1, 2026, Washington state will impose a 10.3% sales tax and Business and Occupation Tax on precious metals transactions, ending a 40-year exemption.
The move aims to generate up to $34 million every two years but has raised concerns among dealers who warn it could push businesses and customers to neighboring states, harm small operations, and reduce overall tax revenue.
Some firms plan to shift to wholesale sales to avoid the tax, while a new association is pushing for its repeal.
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El estado de Washington comienza un impuesto del 10.3% sobre las ventas de metales preciosos el 1 de enero de 2026, poniendo fin a 40 años de exención.