Bill > SB748

This bill amends existing Wisconsin statutes to create an exemption from sales and use tax for the sale of precious metal bullion, which refers to gold, silver, platinum, and palladium in a form that is not legal tender. Specifically, it modifies sections related to sales tax exemption certificates and use tax collection. The key change is the addition of a new exemption, referenced as (74) in the statutes, which means that sellers will no longer be required to collect a sales tax exemption certificate from purchasers for these specific precious metal bullion sales. This aims to simplify tax administration and prevent evasion by clarifying that these transactions are not subject to sales tax, thereby removing the burden of proof from the seller to demonstrate the exemption when such a certificate is not provided.

Budget and Finance

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