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Committee hears HB 2084 to repeal tax preferences for bullion, change self-storage taxation, and remove pharmacy warehousing rate
Summary
House Bill 2,084 would repeal B&O and sales-tax preferences for certain transactions — including precious-metal bullion sales, some self-storage rentals and a warehouse wholesaler rate for prescription drugs — and direct additional revenue to state needs such as education and public safety.
House Bill 2,084 would close several longstanding tax preferences: repeal the sales-tax and B&O exemption for sales of precious-metal bullion and coins, subject monetized bullion to the same rules as other taxable goods; treat rental revenue from individual self‑storage units as taxable business activity rather than an exempt real-property rental in some circumstances; and remove a preferential wholesaling B&O rate for businesses that warehouse and resell prescription drugs.
Under staff briefing, the bullion and wholesale-pharmacy changes would generally take effect Oct. 1, 2025; the self-storage rental change was presented with an effective date in committee materials of April 1, 2026 (staff noted some Department of Revenue assumptions used a later effective date). The Department of Revenue’s fiscal…
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