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Index/Organizations/JLARC

JLARC

Fact-Checks

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Washington repealed its long-standing sales-tax exemption for precious-metal bullion and monetized bullion in 2025; the state Department of Revenue says gross income from sales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

Nov 8, 2025
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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 ...

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Washington repealed its long-standing exclusion of “precious metal bullion” and “monetized bullion” from the definition of retail/wholesale sales, making most bullion and many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

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