House Bill 2115 (H-2422.2) adds a new section to chapter 82.04 RCW to restore the 1985 tax treatment for sales of precious metal bullion and monetized bullion, effectively reenacting the former RCW 82.04.062 notwithstanding its repeal in 2025. The bill excludes sales of "precious metal bullion" and "monetized bullion" from the statutory definitions of "wholesale sale," "sale at wholesale," "retail sale," and "sale at retail," and supplies statutory definitions for those terms (including that monetized bullion excludes coins sold to be manufactured into jewelry or works of art). The bill changes how tax is computed for businesses making such sales by imposing tax on amounts those businesses receive as commissions on transactions for customers, after subtracting amounts paid to other dealers associated with the transactions, and it disallows deductions or offsets for salaries or commissions paid to salesmen or other employees. It also states that RCW 82.32.805 and 82.32.808 do not apply to this act. The act is declared an emergency measure, applies retroactively to January 1, 2026, and takes effect immediately upon enactment. The exact RCW number assigned to the new section, the text of the 1985 provision it intends to restore, broader chapter 82.04 rules needed to fully interpret the change, and administrative or enforcement details are not provided in the extracted material.

If enacted, the bill would mean sales of refined precious metals and coins used as money are taken out of the normal retail/wholesale sales tax rules and instead any tax exposure for businesses would be limited to commissions they receive on bullion transactions after subtracting amounts paid to other dealers. Dealers could not reduce that commission tax by deducting salaries or commissions paid to their sales staff. The change is retroactive to January 1, 2026 and takes effect immediately. Most affected are precious metals dealers and their customers: customers are likely to stop being charged regular retail sales tax on bullion purchases, while dealers will need to stop treating sale receipts as taxable retail sales and instead track commission income for tax purposes. That could lower state retail tax revenue from bullion sales but increase the relative importance of commission-based taxation; dealers may face higher tax burdens or changed cash flow if they cannot offset employee pay, and they will need new accounting practices. Important details about how this fits with other tax rules and how agencies will administer the change are not provided, so the exact fiscal and compliance impacts are uncertain.