WA People
BILL · 2007–08 SESSION

HB 2464: Bullion excise tax

Concerning the excise taxation of bullion.

Summary

  • Exempts from business and occupation (B&O) manufacturing tax, activities relating to melting and reforming of precious metal bullion. Exempts from business and occupation (B&O) manufacturing tax, activities relating to melting and reforming of precious metal bullion.
  • Revises the application of B&O service tax to commission income received for selling precious metal bullion and precious metals. Specifies that the tax only applies for income in excess of the market price of the bullion and allows deduction for delivery costs, including insurance.

From the House Bill Analysis 2008 (HB 2464), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 14, 2008
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Geoff Simpson (D-47)
Introduced
January 14, 2008 in the House
Last action
January 14, 2008
Budget
Has a fiscal note

AN ACT Relating to the excise taxation of bullion;

Sponsors

Prime sponsor: Geoff Simpson (D-47)

6 co-sponsors (3 Democrats, 3 Republicans)

Ed Orcutt R-18Pat Sullivan D-47Christopher Hurst D-31Jim Dunn R-17Mark Ericks D-1Dan Kristiansen R-39

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Finance.
  2. Prefiled for introduction.

HB 2464 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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