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WA HB2115

Bill

Official Source

Status

Introduced

1/12/2026

Primary Sponsor

Amy Walen

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Restores tax exemptions for sales of precious metal bullion and monetized bullion that were originally enacted in 1985 (former RCW 82.04.062) and repealed by Laws of 2025
  • Excludes precious metal bullion and monetized bullion from definitions of wholesale and retail sales for business and occupation tax purposes
  • Taxes bullion dealers only on commissions received from customer transactions, not on the full sale value
  • Covers gold, silver, platinum, rhodium, palladium, and coins used as legal tender, but excludes items sold to be made into jewelry or art
  • Applies retroactively to January 1, 2026 and takes effect immediately as an emergency measure

Legislative Description

Restoring the 1985 tax exemptions for the sale of precious metals and bullion.

Last Action

First reading, referred to Finance.

1/12/2026

Committee Referrals

Finance1/12/2026

Full Bill Text

No bill text available