Restores 1985 tax exemptions for sales of precious metals and bullion in Washington.

The bill restores the 1985 tax exemptions for the sale of precious metals and bullion in Washington. It excludes sales of precious metal bullion and monetized bullion from definitions of wholesale and retail sales. The tax applies only to commissions received over amounts paid to other dealers. The act applies retroactively to January 1, 2026, and takes effect immediately.

Restores 1985 tax exemptions for sales of precious metals and bullion in Washington.

The bill restores the 1985 tax exemptions for the sale of precious metals and bullion in Washington. It excludes sales of precious metal bullion and monetized bullion from definitions of wholesale and retail sales. The tax applies only to commissions received over amounts paid to other dealers. The act applies retroactively to January 1, 2026, and takes effect immediately.