Index/Organizations/JLARC

JLARC

Fact-Checks

6 results
Dec 4, 2025
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Are private sales of gold and silver subject to Washington state sales tax?

Washington repealed its long-standing sales-tax exemption for precious-metal bullion and monetized bullion in 2025; the state Department of Revenue says gross income from sales of bullion will be taxa...

Jan 27, 2026
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Does Washington’s 2026 bullion sales tax apply to online marketplace transactions and out‑of‑state sellers?

, repealed the long-standing exemption for precious metal bullion and monetized bullion, making retail sales of those items subject to and subjecting sellers to under the Retailing classification . Th...

Jan 18, 2026
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What legislative efforts have been filed in Washington since 2025 to restore the precious-metal sales tax exemption and what are their prospects?

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...

Jan 23, 2026

How do Washington exemptions distinguish bullion valued for metal content versus numismatic/collectible coins for sales‑tax purposes?

-sales">Washington historically treated “precious metal bullion” differently from or collectible coins for sales-tax purposes by exempting bullion whose value rests on metal content and coins used as ...

Dec 12, 2025

How do Washington state tax rules interact with federal tax laws on precious metals sales?

Washington repealed its long-standing exclusion of “precious metal bullion” and “monetized bullion” from the definition of retail/wholesale sales, making most bullion and many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 ...

Nov 8, 2025

How should private sellers report proceeds from selling gold to Washington State Department of Revenue?

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 ...