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WI AB712
WI AB712The sales and use tax exemption for personal farm property or household goods sold by auction on the Internet. (FE)
summary
Introduced
12/03/2025
12/03/2025
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Current law provides a sales and use tax exemption for five or fewer auctions for the sale of personal farm property or household goods that are held by the same auctioneer at the same location during the year. This bill provides that the exemption applies to five or fewer auction events that are the sale of such property or goods held by the same auctioneer at the same location during the year. Under the bill, an auction event is the total number of consecutive days for which property at that location is available for bidding. With respect to an auction for which all or some of the bids may be submitted over the Internet, an auction event is the total number of consecutive days that winning bids are selected, regardless of whether the property being sold is at multiple locations. 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 modifies the sales and use tax exemption for auctions of personal farm property or household goods by redefining key terms and clarifying how auction events are counted. Currently, the law exempts five or fewer auctions held by the same auctioneer at the same location during a year. The bill introduces a new definition of an "auction event" as the total number of consecutive days property is available for bidding, which is particularly important for online auctions where bids can be submitted over the Internet. The bill also creates specific definitions for "auctioneer" (a licensed person or auction company) and "location" (the physical building or address where the auction is held), with special provisions for shopping centers and malls. These changes provide more precise guidelines for determining tax exemption eligibility, especially as auction methods evolve to include more online bidding. The bill will take effect on the first day of the third month after its publication, giving businesses and tax authorities time to understand and implement the new rules.
Committee Categories
Budget and Finance
Sponsors (9)
Dan Knodl (R)*,
Rob Kreibich (R)*,
Anthony Kurtz (R)*,
Dave Murphy (R)*,
Jeff Mursau (R)*,
Todd Novak (R)*,
William Penterman (R)*,
Steve Nass (R),
Romaine Quinn (R),
Last Action
Joint Finance Executive Session (13:01:00 2/3/2026 412 East) (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab712 |
| AB712 ROCP for Committee on Ways and Means | https://docs.legis.wisconsin.gov/2025/related/records/assembly/ways_and_means/1963190.pdf |
| Fiscal Note - AB712: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/ab712/ab712_dor.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/AB712.pdf |
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