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WI SB748

Bill

Official Source

Status

Enrolled

2/26/2026

Primary Sponsor

Rachael Cabral-Guevara

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Adds precious metal bullion (referenced as exemption under s. 77.54(74)) to the list of items that do not require a sales tax exemption certificate at the time of sale
  • Amends both the sales tax statute (77.52(13)) and the use tax statute (77.53(10)) to include this exemption
  • Sellers of precious metal bullion will no longer need to collect exemption certificates from purchasers to avoid the burden of proving the sale is tax-exempt
  • Simplifies compliance for dealers selling precious metal bullion, which is already exempt from Wisconsin sales and use tax

Legislative Description

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

Last Action

Report correctly enrolled

2/26/2026

Committee Referrals

Finance2/11/2026
Agriculture and Revenue12/12/2025

Full Bill Text

No bill text available