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Washington repealed its long‑standing sales‑and‑use tax exemption for “precious metal bullion” and “monetized bullion” in 2025; effective January 1, 2026, sales that had generally been exempt will be ...
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 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Washington’s 2025 legislation repealed a long-standing sales/use-tax exemption for precious-metal bullion and “monetized bullion,” making sales of gold and similar products taxable starting Jan. 1,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...
Gains on sales of numismatic coins and bullion are taxed as capital gains, but the federal tax treatment in 2025 often treats precious metals as "collectibles" subject to the special 28% maximum long‑...
Washington repealed its long-standing exclusion of “precious metal bullion” and “monetized bullion” from the definition of retail/wholesale sales, making most bullion and many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 ...
Washington’s longtime sales-tax exemption for “precious metal bullion” and “monetized bullion” was repealed in 2025 and the state will begin taxing such sales effective Jan. 1, 2026 (Washington Depart...