The bill aims to reinstate tax exemptions for the sale of precious metals and bullion by adding a new section to chapter 82.04 of the Revised Code of Washington (RCW). It clarifies that terms such as "wholesale sale" and "retail sale" do not apply to transactions involving precious metal bullion or monetized bullion. The tax will be calculated based on commissions received from customer transactions, excluding deductions for salaries or commissions paid to employees. Definitions for "monetized bullion" and "precious metal bullion" are also provided to specify what constitutes these terms under the law.

Additionally, the bill specifies that certain existing RCW sections (82.32.805 and 82.32.808) do not apply to this act, indicating a clear intention to create a distinct regulatory framework for these transactions. The act is set to take effect on July 1, 2026, allowing time for implementation and compliance by affected parties.