He checked it out:

>Not a fan of Washington’s tax policies, Minor said he was mulling an eventual move to Idaho anyway but hadn’t planned to leave for at least a couple of years. He said he might open a shop in Coeur d’Alene or Sandpoint, Idaho, a state that doesn’t tax bullion sales.

Undisciplined

This was implemented in my state. When I sold some silver I saw the flyer the dealer posted to stop the state legislature from passing such a law. They failed. But the guy was telling me about a loophole to ship it to a near by state to avoid the sales tax. 

BlokchainB

How is it a stimulus to dealers? Looks to me like they're being driven out of state.

The rationale in [the bill](https://lawfilesext.leg.wa.gov/biennium/2025-26/Pdf/Bill%20Reports/Senate/5794-S.E%20SBR%20HA%2025.pdf) is sparse:

> Precious Metals and Bullion Tax Exemptions. Sales of precious metals and monetized bullion are exempt from B&O and sales and use taxes. Bullion dealers are subject to B&O tax under the service classification on amounts received in commissions for buying and selling bullions on behalf of customers.
> In 2024, JLARC reviewed the tax preference and recommended that the Legislature should determine whether to continue the exemption for sales of precious metals and monetized bullion. The report noted that **the preference may not be achieving the inferred public policy objective of making Washington coin and bullion dealers more competitive with out-of-state competitors** by treating precious metal and bullion sales like sales of investments rather than sales of tangible personal property.

It was never about the people, it was about stimulus to dealers.


optimism

ThatWhichisNotSeen

WA gold businesses, customers brace for upcoming tax changes

People that recently started buying gold and silver in Washington State, to hedge against inflation, will soon be hit by sales tax.

Minor will close his store in late December in response to the Legislature’s move in the last session to end a longstanding sales tax exemption on the sale of bullion. Starting Jan. 1, people who purchase precious metals in Washington will pay state and local taxes ranging from 7.5% to 10.6%. In Seattle, the sales tax will be 10.35%, which includes 6.5% in state tax and 3.85% in local tax, according to the state Department of Revenue.

In other words, if you buy an ounce of gold at the current price of around $4,100 in Seattle, you’ll pay around $425 in sales tax starting next year.

econ

Article from Seattle Times **WA gold businesses, customers brace for upcoming tax changes**

https://archive.vn/YtJRS

People that recently started buying gold and silver in Washington State, to hedge against inflation, will soon be hit by sales tax.

>Minor will close his store in late December in response to the Legislature’s move in the last session to end a longstanding sales tax exemption on the sale of bullion. Starting Jan. 1, people who purchase precious metals in Washington will pay state and local taxes ranging from 7.5% to 10.6%. In Seattle, the sales tax will be 10.35%, which includes 6.5% in state tax and 3.85% in local tax, according to the state Department of Revenue.

>In other words, if you buy an ounce of gold at the current price of around $4,100 in Seattle, you’ll pay around $425 in sales tax starting next year.