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HB2093 • 2026

Precious metals tax exempt.

Reinstating the tax exemptions for the sale of precious metals and bullion.

Taxes
Passed Legislature

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

Sponsor
Representative Dufault, Representative Corry, Representative Jacobsen, Representative Marshall, Representative Chase, Representative Schmidt, Representative Abbarno, Representative Barnard, Representative Griffey, Representative Mendoza, Representative Graham, Representative Valdez, Representative Couture, Representative Schmick
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.

Precious metals tax exempt.

Precious metals tax exempt.

What This Bill Does

  • Precious metals tax exempt.

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

  1. 2026-01-12 House

    First reading, referred to Finance.

Official Summary Text

Precious metals tax exempt.

Current Bill Text

Read the full stored bill text 
AN ACT Relating to reinstating the tax exemptions for the sale of 1
precious metals and bullion; adding a new section to chapter 82.04 2
RCW; creating a new section; and providing an effective date.3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:4
NEW SECTION. Sec. 1. A new section is added to chapter 82.04 5
RCW to read as follows: 6
(1) For purposes of this chapter, "wholesale sale," "sale at 7
wholesale," "retail sale," and "sale at retail" do not include the 8
sale of precious metal bullion or monetized bullion.9
(2) In computing tax under this chapter on the business of making 10
sales of precious metal bullion or monetized bullion, the tax must be 11
imposed on the amounts received as commissions upon transactions for 12
the accounts of customers over and above the amount paid to other 13
dealers associated in such transactions, but no deduction or offset 14
is allowed on account of salaries or commissions paid to salesmen or 15
other employees. 16
(3) For purposes of this section: 17
(a) "Monetized bullion" means coins or other forms of money 18
manufactured from gold, silver, or other metals and heretofore, now, 19
or hereafter used as a medium of exchange under the laws of this 20
H-2397.2
HOUSE BILL 2093
State of Washington 69th Legislature 2026 Regular Session
By Representatives Dufault, Corry, Jacobsen, Marshall, Chase,
Schmidt, Abbarno, Barnard, Griffey, Mendoza, Graham, Valdez, Couture,
and Schmick
Prefiled 12/02/25. Read first time 01/12/26. Referred to Committee
on Finance.
p. 1 HB 2093
state, the United States, or any foreign nation, but does not include 1
coins or money sold to be manufactured into jewelry or works of art.2
(b) "Precious metal bullion" means any precious metal which has 3
been put through a process of smelting or refining including, but not 4
limited to, gold, silver, platinum, rhodium, and palladium, and which 5
is in such state or condition that its value depends primarily upon 6
its contents and not upon its form. 7
NEW SECTION. Sec. 2. RCW 82.32.805 and 82.32.808 do not apply 8
to this act.9
NEW SECTION. Sec. 3. This act takes effect July 1, 2026.10
--- END ---
p. 2 HB 2093