Restoring the 1985 tax exemptions for the sale of precious metals and bullion.

This bill restores a 1985 tax exemption that previously excluded sales of precious metal bullion (like refined gold, silver, and platinum) and monetized bullion (coins used as currency) from state sales tax. It directly affects businesses that sell these items, such as bullion dealers and financial institutions, by removing the tax burden on the full sale price and limiting tax to only dealer commissions. The key provision defines "precious metal bullion" and "monetized bullion" to exclude these transactions from the state’s sales tax code, with tax applying only to commissions earned on customer transactions. The exemption applies retroactively from January 1, 2026, and is intended to revive the original 1985 policy.