This bill aims to restore the tax exemptions for the sale of precious metals and bullion that were originally enacted in 1985. It reintroduces former RCW 82.04.062, which had been repealed in 2025, and establishes a new section in chapter 82.04 RCW. The new provisions clarify that sales of precious metal bullion and monetized bullion are not subject to certain sales tax classifications. Additionally, it specifies how taxes should be computed on commissions from transactions involving these precious metals, while disallowing deductions for salaries or commissions paid to employees.

The bill also includes definitions for "monetized bullion" and "precious metal bullion," outlining what constitutes these terms for tax purposes. Furthermore, it states that certain existing regulations (RCW 82.32.805 and 82.32.808) do not apply to this act and that the provisions will take effect retroactively from January 1, 2026. The act is deemed necessary for the immediate preservation of public peace, health, or safety, and is set to take effect immediately upon passage.