This bill (filed as House Bill 1965, H-1146.1, 69th Legislature, 2025 Regular Session) repeals RCW 82.04.062 and the 1985 c 471 s 5 citation. It includes a savings clause stating the repeal does not affect existing rights, liabilities, obligations, or proceedings under the repealed statute or under rules or orders adopted under it, and sets the act’s effective date as October 1, 2025. The bill was read for the first time on February 13, 2025, was referred to the House Committee on Finance, and the act is organized into Sec. 1, Sec. 2, and Sec. 3. The act’s title indicates it would modify tax preferences for "precious metal bullion" and "monetized bullion" and create a new section, but the provided text only shows the repeal, the savings clause, and the effective date. The excerpt does not include the original language of RCW 82.04.062, any replacement or new statutory text, or definitions for the terms referenced in the title, so the specific substantive changes, any new section language, and how those terms would be defined are not shown. No implementing agencies, administrative procedures, or fiscal impacts are identified in the provided material.

If enacted, this bill removes RCW 82.04.062 (and the related 1985 provision) from the statutes as of October 1, 2025, meaning any tax treatment that depended on that specific statutory section will no longer be available. Practically, dealers, investors, and businesses that buy, sell, or hold "precious metal bullion" or "monetized bullion" could see a change in their tax obligations or lose whatever statutory tax preference that section provided, and the state’s tax rules and revenue calculations that relied on that section would need to proceed without it. The bill also includes a savings clause so existing rights, liabilities, obligations, refunds, or pending proceedings under the repealed statute and related rules are preserved and not disturbed. However, the extracted text does not include the original RCW language, any replacement provisions, definitions of the key terms, implementing agencies, or fiscal estimates, so the specific tax impacts, administrative responsibilities, and budgetary effects remain unclear.