This bill aims to restore the tax exemptions for the sale of precious metals and bullion that were originally enacted in 1985. It reintroduces former RCW 82.04.062, which had been repealed in 2025, and establishes a new section in chapter 82.04 RCW.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, the bill specifies how taxes should be computed for businesses involved in these transactions, focusing on commissions received rather than salaries or commissions paid to employees.

The bill also includes several new sections that define key terms such as "monetized bullion" and "precious metal bullion," and it explicitly states that certain existing laws (RCW 82.32.805 and 82.32.808) do not apply to this act. Furthermore, the act is designed to be retroactive to January 1, 2026, and is declared necessary for the immediate preservation of public peace, health, or safety, allowing it to take effect immediately upon passage.