Rhode Island this week became the first state government in the nation to halt sales tax collections on original and limited edition artwork.

Rhode Island's tax changes that took effect Dec. 1 allow shoppers who purchase original or limited editions of art anywhere in the Ocean State to be except from paying the state's 7% sales tax.

The policy is the result of legislation approved by the Rhode Island General Assembly and signed into law by Gov. Lincoln D. Chafee. The law also now exempts the sales tax for wine from liquor stores until March 31, 2015.

Click here to see full story in Muni Finance Today.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.