And, don’t forget, buying at wholesale prices for resale purposes is
only for materials used in your products that you (or another gallery)
will sell at a later time with sales tax attached. Meaning… you
(should) only not pay sales tax for metals, findings, and gems.
Finishing supplies are debatable. Tools don’t count.
Ahh… this is not necessarily true. The state issuing the
certificate will have publications regarding what is taxable and what
is not. In NY, for example, the list of exempt sales includes:
“Machinery or equipment and related parts, tools and supplies used in
the production of tangible personal property … for sale.”
Another hint - read the publications. Do not rely on verbal
from state employees. Ask your accountant if in doubt.
Some state employees earn points by generating additional revenue
from taxpayers and will lie to do it. If you pay sales tax where you
don’t need to, you can probably get it back, but it won’t be easy.