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WI SB748

WI SB748
Sales tax exemption certificates for the sale of precious metal bullion. (FE)


summary

Introduced
12/12/2025
In Committee
02/11/2026
Crossed Over
02/11/2026
Passed
03/27/2026
Dead
Signed/Enacted/Adopted
03/27/2026

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 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.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Published 3-28-2026 (on 03/27/2026)

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