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.

 H-2054.1

HOUSE BILL 2069

State of Washington

69th Legislature

2025 Regular Session

By Representative Chase

AN ACT Relating to 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; amending RCW 82.04.062 and 84.36.070 ; adding a new chapter to Title 43 RCW; providing an effective date; and declaring an emergency.

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

NEW SECTION. Sec. 1. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.

(1) "Legal tender" means a recognized medium of exchange for payment of debt and taxes.

(2) "Monetized bullion" means coin or other forms of money manufactured from gold, silver, or other metals, and is used as a medium of exchange under the laws of this state, the United States, or any foreign nation. "Monetized bullion" includes, but is not limited to, nuggets, bars, sticks, dust, or other forms of processed forms of precious metals. "Monetized bullion" does not include coins or money sold to be manufactured into jewelry or works of art.