Loading chat...

WA HB2069

Bill

Status

Introduced

4/3/2025

Primary Sponsor

Rob Chase

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Exempts exchanges of gold and silver precious metal bullion or monetized bullion for legal tender from all tax liability in Washington state

  • Classifies precious metal bullion made of gold or silver and monetized bullion as intangible personal property, making it exempt from ad valorem (property) taxation

  • Establishes that use of bullion as payment is voluntary—no person or entity can be compelled to accept or pay in precious metals unless specifically required by law or contract

  • Requires Washington courts to enforce specific performance of contracts that call for payment in gold, silver, or monetized bullion

  • Takes effect July 1, 2025, and is designated as the "Washington state sound money act"

Legislative Description

Concerning the taxation of precious metal bullion made of gold and silver and monetized bullion, and providing that the use of bullion as tender is voluntary.

Last Action

By resolution, reintroduced and retained in present status.

1/12/2026

Committee Referrals

Finance4/3/2025

Full Bill Text

No bill text available