Bill > SB748

This bill modifies Wisconsin's sales tax exemption rules for precious metal bullion by removing the requirement for purchasers to provide an exemption certificate at the time of sale. Specifically, the bill amends two sections of Wisconsin statutes (77.52 and 77.53) to eliminate the need for sellers to collect an electronic or paper certificate from buyers when selling precious metal bullion that is exempt from sales tax. The bill adds a new exemption category (74) to the list of transactions that do not require a certificate, which means buyers of precious metal bullion can now claim the tax exemption without presenting documentation at the time of purchase. This change simplifies the sales process for both buyers and sellers of precious metal bullion by reducing administrative burden and paperwork. The modification is part of a broader effort to streamline sales tax exemption procedures and make tax compliance easier for businesses and consumers.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb748