Modifying the tax preferences for precious metal bullion and monetized bullion.

 H-1146.1

HOUSE BILL 1965

State of Washington

69th Legislature

2025 Regular Session

By Representatives Ramel, Scott, Wylie, Berg, Parshley, Kloba, Gregerson, Thomas, Nance, Ormsby, Pollet, and Hill

Read first time 02/13/25. Referred to Committee on Finance.

AN ACT Relating to modifying the tax preferences for precious metal bullion and monetized bullion; creating a new section; repealing RCW 82.04.062 ; and providing an effective date.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1. RCW 82.04.062 ("Sale at wholesale," "sale at retail" excludes sale of precious metal bullion and monetized bullion — Computation of tax) and 1985 c 471 s 5 are each repealed.

NEW SECTION. Sec. 2. The repeal in section 1 of this act does not affect any existing right acquired or liability or obligation incurred under the statute repealed or under any rule or order adopted under that statute nor does it affect any proceeding instituted under the repealed statute.