Bill
Bill > SB748
summary
Introduced
12/12/2025
12/12/2025
In Committee
02/11/2026
02/11/2026
Crossed Over
02/11/2026
02/11/2026
Passed
02/26/2026
02/26/2026
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT to amend 77.52 (13) and 77.53 (10) of the statutes; relating to: sales tax exemption certificates for the sale of precious metal bullion.
AI Summary
This bill amends Wisconsin statutes related to sales and use tax exemptions for precious metal bullion, which refers to gold, silver, platinum, or palladium in a minted or cast form that is recognized as a medium of exchange in a country of origin. Specifically, it adds a new exemption category, "(74)", to the existing lists of sales and use tax exemptions for which a seller does not need to obtain a certificate from the buyer to prove the exemption. This means that sales of precious metal bullion will now be automatically exempt from sales and use tax without the seller needing to collect an exemption certificate from the purchaser, simplifying the process for both buyers and sellers of these items.
Committee Categories
Budget and Finance
Sponsors (12)
Rachael Cabral-Guevara (R)*,
Steve Nass (R)*,
Mark Spreitzer (D)*,
David Armstrong (R),
Elijah Behnke (R),
Jenna Jacobson (D),
Scott Krug (R),
Dave Murphy (R),
Jerry O'Connor (R),
Sylvia Ortiz-Velez (D),
William Penterman (R),
Shae Sortwell (R),
Last Action
Report correctly enrolled (on 02/26/2026)
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/sen/bill/sb748 |
| BillText | https://docs.legis.wisconsin.gov/document/enrolledbills/2025/REG/SB748.pdf |
| SB748 ROCP for Committee on Agriculture and Revenue On 2/3/2026 | https://docs.legis.wisconsin.gov/2025/related/records/senate/agriculture_and_revenue/1969964.pdf |
| Fiscal Note - SB748: Fiscal Estimate From DOR | https://docs.legis.wisconsin.gov/2025/related/fe/sb748/sb748_dor.pdf |
| BillText | https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB748.pdf |
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