This bill modifies the tax preferences related to precious metal bullion and monetized bullion by repealing RCW 82.04.062, which previously excluded the sale of these items from being classified as wholesale or retail sales for tax computation purposes. The repeal aims to update the tax framework governing these transactions, potentially altering how they are taxed moving forward.

Additionally, the bill includes provisions that ensure the repeal does not impact any existing rights, liabilities, or obligations that were established under the previous statute or any related rules. The new legal changes will take effect on October 1, 2025, allowing for a transition period before the updated tax regulations are implemented.