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SB748 • 2025

sales tax exemption certificates for the sale of precious metal bullion

sales tax exemption certificates for the sale of precious metal bullion

Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Senators Cabral-Guevara, Spreitzer and Nass, cosponsored by Representatives Sortwell, O'Connor, J. Jacobson, Armstrong, Behnke, Krug, Murphy, Ortiz-Velez and Penterman
Last action
2026-03-27
Official status
S - Enacted into law
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

sales tax exemption certificates for the sale of precious metal bullion

sales tax exemption certificates for the sale of precious metal bullion Status: S - Enacted into law

What This Bill Does

  • sales tax exemption certificates for the sale of precious metal bullion Status: S - Enacted into law

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-27 Sen.

    Report approved by the Governor on 3-27-2026. 2025 Wisconsin Act 124

  2. 2026-03-27 Sen.

    Published 3-28-2026

  3. 2026-03-26 Sen.

    Presented to the Governor on 3-26-2026

  4. 2026-02-26 Sen.

    Report correctly enrolled

  5. 2026-02-18 Sen.

    Received from Assembly concurred in

  6. 2026-02-17 Asm.

    Read

  7. 2026-02-17 Asm.

    Rules suspended to withdraw from Senate message and take up

  8. 2026-02-17 Asm.

    Read a second time

  9. 2026-02-17 Asm.

    Ordered to a third reading

  10. 2026-02-17 Asm.

    Rules suspended

  11. 2026-02-17 Asm.

    Read a third time and concurred in

  12. 2026-02-17 Asm.

    Ordered immediately messaged

  13. 2026-02-12 Asm.

    Received from Senate

  14. 2026-02-11 Sen.

    Senator Ratcliff added as a coauthor

  15. 2026-02-11 Sen.

    Read a second time

  16. 2026-02-11 Sen.

    Referred to joint committee on Finance

  17. 2026-02-11 Sen.

    Withdrawn from joint committee on Finance and taken up

  18. 2026-02-11 Sen.

    Ordered to a third reading

  19. 2026-02-11 Sen.

    Rules suspended to give bill its third reading

  20. 2026-02-11 Sen.

    Read a third time and passed, Ayes 29, Noes 4

  21. 2026-02-11 Sen.

    Ordered immediately messaged

  22. 2026-02-09 Sen.

    Placed on calendar 2-11-2026 pursuant to Senate Rule 18(1)

  23. 2026-02-03 Sen.

    Executive action taken

  24. 2026-02-03 Sen.

    Report passage recommended by Committee on Agriculture and Revenue , Ayes 8, Noes 0

  25. 2026-02-03 Sen.

    Available for scheduling

  26. 2026-01-28 Sen.

    Public hearing held

  27. 2026-01-06 Sen.

    Fiscal estimate received

  28. 2025-12-22 Sen.

    Representative Knodl added as a cosponsor

  29. 2025-12-12 Sen.

    Introduced by Senators Cabral-Guevara , Spreitzer and Nass ; cosponsored by Representatives Sortwell , O'Connor , J. Jacobson , Armstrong , Behnke , Krug , Murphy , Ortiz-Velez and Penterman

  30. 2025-12-12 Sen.

    Read first time and referred to Committee on Agriculture and Revenue

Official Summary Text

sales tax exemption certificates for the sale of precious metal bullion
Status: S - Enacted into law

Current Bill Text

Read the full stored bill text
Wisconsin Legislature: SB748: Bill Text

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Proposal Text
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SB748: Bill Text

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2025 - 2026 LEGISLATURE
LRB-5597/1
JK:klm
2025 SENATE BILL 748
December 12, 2025 - Introduced by Senators
Cabral-Guevara
,
Spreitzer
and
Nass
, cosponsored by Representatives
Sortwell
,
O'Connor
,
J. Jacobson
,
Armstrong
,
Behnke
,
Krug
,
Murphy
,
Ortiz-Velez
and
Penterman
. Referred to Committee on Agriculture and Revenue.
SB748,1,2
1
An Act

to amend
77.52 (13) and 77.53 (10) of the statutes;
relating to:
sales
2
tax exemption certificates for the sale of precious metal bullion.
Analysis by the Legislative Reference Bureau
Current law provides a sales and use tax exemption for the sale of precious metal bullion. In order to claim the exemption, the purchaser must provide an exemption certificate to the seller. The certificate is an electronic or paper certificate prescribed by the Department of Revenue. Under current law, many sales and use tax exemptions do not require the purchaser to provide an exemption certificate at the time of purchase. This bill eliminates the certificate requirement to claim the exemption for the sale of precious metal bullion.
For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
SB748,1
3
Section

1
.
77.52 (13) of the statutes is amended to read:
SB748,2,10
4
77.52
(13)
For the purpose of the proper administration of this section and to
5
prevent evasion of the sales tax it shall be presumed that all receipts are subject to
1
the tax until the contrary is established. The burden of proving that a sale of
2
tangible personal property, or items, property, or goods under sub. (1) (b), (c), or (d),
3
or services is not a taxable sale at retail is upon the person who makes the sale
4
unless that person takes from the purchaser an electronic or a paper certificate, in
5
a manner prescribed by the department, to the effect that the property, item, good,
6
or service is purchased for resale or is otherwise exempt, except that no certificate is
7
required for the sale of tangible personal property, or items, property, or goods
8
under sub. (1) (b), (c), or (d), or services that are exempt under s. 77.54 (5) (a) 3., (7),
9
(7m), (8), (10), (11), (14), (15), (17), (20n), (21), (22b), (31), (32), (35), (36), (37), (42),
10
(44), (45), (46), (51), (52), (64), (66), (67), (71),
and
(72)
, and (74)
.
SB748,2
11
Section

2
.
77.53 (10) of the statutes is amended to read:
SB748,3,2
12
77.53
(10)
For the purpose of the proper administration of this section and to
13
prevent evasion of the use tax and the duty to collect the use tax, it is presumed
14
that tangible personal property, or items, property, or goods under s. 77.52 (1) (b),
15
(c), or (d), or taxable services sold by any person for delivery in this state is sold for
16
storage, use, or other consumption in this state until the contrary is established.
17
The burden of proving the contrary is upon the person who makes the sale unless
18
that person takes from the purchaser an electronic or paper certificate, in a manner
19
prescribed by the department, to the effect that the property, or items, property, or
20
goods under s. 77.52 (1) (b), (c), or (d), or taxable service is purchased for resale, or
21
otherwise exempt from the tax, except that no certificate is required for the sale of
22
tangible personal property, or items, property, or goods under s. 77.52 (1) (b), (c), or
23
(d), or services that are exempt under s. 77.54 (7), (7m), (8), (10), (11), (14), (15), (17),
1
(20n), (21), (22b), (31), (32), (35), (36), (37), (42), (44), (45), (46), (51), (52), (64), (66),
2
(67), (71),
and
(72)
, and (74)
.
SB748,3,3
3
(end)

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