summary
Introduced
02/03/2023
02/03/2023
In Committee
02/05/2024
02/05/2024
Crossed Over
Passed
Dead
04/15/2024
04/15/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
This bill creates a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium. Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill. For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
AI Summary
This bill creates a sales and use tax exemption for precious metal bullion. Precious metal bullion is defined as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium, and are marked with weight, purity, and content or minted by a government authority. The bill excludes other tangible personal property that contains precious metal bullion, such as jewelry, works of art, scrap metal, or electronics, from the exemption. Because the bill relates to a tax exemption, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
Committee Categories
Education
Sponsors (23)
Rachael Cabral-Guevara (R)*,
Mary Felzkowski (R)*,
Dan Feyen (R)*,
Steve Nass (R)*,
Romaine Quinn (R)*,
Mark Spreitzer (D)*,
Duey Stroebel (R)*,
Scott Allen (R),
David Armstrong (R),
Elijah Behnke (R),
Ty Bodden (R),
Robert Brooks (R),
Nate Gustafson (R),
Clint Moses (R),
Dave Murphy (R),
Jeff Mursau (R),
William Penterman (R),
Kevin Petersen (R),
Nik Rettinger (R),
Michael Schraa (R),
Shae Sortwell (R),
Paul Tittl (R),
Ron Tusler (R),
Last Action
Failed to pass pursuant to Senate Joint Resolution 1 (on 04/15/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2023/proposals/reg/sen/bill/sb33 | 02/03/2023 |
| SB33 ROCP for Committee on Senate Organization | https://docs.legis.wisconsin.gov/2023/related/records/senate/senate_organization/1787815.pdf | 04/15/2024 |
| Fiscal Note - SB33: Report of the Joint Survey Committee on Tax Exemptions | https://docs.legis.wisconsin.gov/2023/related/fe/sb33/sb33_jscte.pdf | 02/19/2024 |
| SB33 ROCP for Committee on Universities and Revenue On 2/5/2024 | https://docs.legis.wisconsin.gov/2023/related/records/senate/universities_and_revenue/1775769.pdf | 02/14/2024 |
| SB33 ROCP for Committee on Universities and Revenue On 2/5/2024 | https://docs.legis.wisconsin.gov/2023/related/records/senate/universities_and_revenue/1775769.pdf | 02/05/2024 |
| Fiscal Note - SB33: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2023/related/fe/sb33/sb33_dor.pdf | 02/13/2023 |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2023/REG/SB33.pdf | 02/03/2023 |
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