WA SB5894

Restores the 1985 tax exemption (former RCW 82.04.062) for sales of precious metal bullion and monetized bullion, which was repealed by Laws of 2025

Excludes precious metal bullion and monetized bullion from definitions of "wholesale sale" and "retail sale" for business and occupation tax purposes

Taxes bullion dealers only on commissions received from customer transactions, not on the full sale value of the metals

Covers gold, silver, platinum, rhodium, palladium, and coins used as legal tender, but excludes items sold for jewelry or art manufacturing

Applies retroactively to January 1, 2026 and takes effect immediately as an emergency measure