HB1965 • 2026

Bullion tax preference

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

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Representative Ramel, Representative Scott, Representative Wylie, Representative Berg, Representative Parshley, Representative Kloba, Representative Gregerson, Representative Thomas, Representative Nance, Representative Ormsby, Representative Pollet, Representative Hill
Last action: 2026-01-12
Official status: H Finance
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Bullion tax preference

What This Bill Does

Bullion tax preference

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-12 House
By resolution, reintroduced and retained in present status.

Official Summary Text

Bullion tax preference

Current Bill Text

Read the full stored bill text

AN ACT Relating to modifying the tax preferences for precious 1
metal bullion and monetized bullion; creating a new section; 2
repealing RCW 82.04.062; and providing an effective date.3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:4
NEW SECTION. Sec. 1. RCW 82.04.062 ("Sale at wholesale," "sale 5
at retail" excludes sale of precious metal bullion and monetized 6
bullion— Computation of tax) and 1985 c 471 s 5 are each repealed.7
NEW SECTION. Sec. 2. The repeal in section 1 of this act does 8
not affect any existing right acquired or liability or obligation 9
incurred under the statute repealed or under any rule or order 10
adopted under that statute nor does it affect any proceeding 11
instituted under the repealed statute.12
NEW SECTION. Sec. 3. This act takes effect October 1, 2025.13
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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.
p. 1 HB 1965