Concerning the taxation of precious metal bullion made of gold and silver and monetized bullion, and providing that the use of bullion as tender is voluntary.

This bill, known as the Washington State Sound Money Act, clarifies tax treatment and voluntary use of gold/silver bullion and bullion coins (monetized bullion). It requires courts to enforce contracts specifying payment in such bullion, but prohibits forcing anyone to use bullion as payment or accept it. The bill exempts bullion transactions from sales tax under RCW 82.04.062 and removes bullion from taxable property under RCW 84.36.070. It directly affects businesses selling bullion, contract parties, and taxpayers handling these assets, with effective date July 1, 2025.