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Washington repealed its long-standing sales- and use-tax exemption for precious-metal bullion and monetized bullion effective January 1, 2026, making retail sales of qualifying gold, silver and coins ...
Starting Jan. 1, 2026 Washington will treat sales of “precious metal bullion” and “monetized bullion” as taxable retail sales, which means sellers who are engaged in retailing may owe retailing B&O ta...
Washington law changed in 2025: sales of “precious metal bullion” and “monetized bullion” that were previously excluded from retail and wholesale definitions will be taxable as of Jan. 1, 2026, meanin...
Washington repealed a long-standing sales-tax exemption for “precious metal bullion” and “monetized bullion” in 2025; under ESSB 5794 those sales become taxable effective Jan. 1, 2026 (the Department ...
Washington’s 2026 law ends a long-standing exemption and brings sales of precious metal bullion and monetized bullion squarely into the state’s retail sales tax and Business & Occupation (B&O) tax reg...
Washington state will remove the exemption for precious metals and bullion effective January 1, 2026, making sales of gold and similar products subject to retail sales tax and the Business & Occupatio...
Since 2025 several restoration efforts have been filed — including pre-filed bipartisan bills House Bill 2115 and Senate Bill 5894 and petitions from trade groups such as the Washington Coin and Bulli...
Washington enforces use tax primarily through a combination of legal obligation to self-report, targeted audits of businesses and institutions, vehicle-registration triggers, and rules that push remot...
Washington historically exempted qualifying precious-metal bullion and monetized bullion (coins) from retail sales and certain B&O taxes, but the 2025 legislative changes repeal that exemption and, st...
Washington law historically exempted qualifying precious metal bullion and monetized bullion from retail sales tax and the retailing and wholesaling B&O tax, with narrow exceptions for items transform...
Washington changed its treatment of private sales of gold and other precious-metal bullion in 2025: under ESSB 5794 the state treats gross income from sales of precious metal bullion and “monetized bu...
Washington’s 2025 legislation repealed a long-standing sales/use-tax exemption for precious-metal bullion and “monetized bullion,” making sales of gold and similar products taxable starting Jan. 1, 20...
Private sellers face conflicting analyses about whether proceeds from selling gold in Washington State are taxable or must be reported as sales subject to Business & Occupation (B&O) and retail sales ...
does not levy a general personal income tax , so there is no routine “state income tax return” on which most residents would report capital gains from selling gold or silver; however, state tax rules ...
sales of precious metal bullion and monetized bullion as taxable retail or wholesale sales for state Business & Occupation (B&O) tax and retail sales tax beginning Jan. 1, 2026, which means sellers wh...
Washington removed a long-standing exemption for precious metal bullion and monetized bullion effective January 1, 2026, making retail sales of bullion subject to retail sales tax and gross receipts s...
Washington repealed its long-standing exclusion of “precious metal bullion” and “monetized bullion” from the definition of retail/wholesale sales, making most bullion and many coins subject to retail ...
Available sources show two distinct 2024 developments that shifted surtax burdens: Massachusetts implemented a new “Fair Share” surtax on very high incomes (4% with withholding mechanics updated and t...