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flag Washington state starts 10.3% tax on precious metals sales Jan. 1, 2026, ending 40-year exemption.

flag 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. flag 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. flag 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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