HB1965 modifies tax preferences for precious metal bullion and monetized bullion in Washington.
HB1965 repeals sections of the tax code that previously excluded sales of precious metal bullion and monetized bullion from the definitions of "sale at wholesale" and "sale at retail." This change will affect businesses and individuals who deal in precious metal bullion and monetized bullion by altering their tax computation. The act takes effect on October 1, 2025.
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