Washington DOR Announces New Tax for Precious Metal Bullion

The Washington Department of Revenue (DOR) announced that effective Jan. 1, 2026, sales of precious metal bullion and monetized bullion will be subject to the business and occupation tax and retail sales tax. Sales of these items to end consumers will be taxed under the Retailing classification and require the collection of sales tax, while sales to resellers will be taxed under the Wholesaling classification and exempt from sales tax with a valid reseller permit. [Wash. Dep’t of Revenue, Precious Metal Bullion, 09/24/25]

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