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WA HB2069
Bill
Status
4/3/2025
Primary Sponsor
Rob Chase
Click for details
AI Summary
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Exempts exchanges of gold and silver precious metal bullion or monetized bullion for legal tender from all tax liability in Washington state
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Classifies precious metal bullion made of gold or silver and monetized bullion as intangible personal property, making it exempt from ad valorem (property) taxation
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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
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Requires Washington courts to enforce specific performance of contracts that call for payment in gold, silver, or monetized bullion
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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