Date of enactment:
2023 Assembly Bill 29 Date of publication*:
2023 WISCONSIN ACT
AN ACT to create 77.54 (71) of the statutes; relating to: a sales and use tax exemption for precious metal bullion.
The people of the state of Wisconsin, represented in
senate and assembly, do enact as follows:
SECTION 1. 77.54 (71) of the statutes is created to
read:
77.54 (71) (a) The sales price from the sale of and the
use or other consumption of precious metal bullion. For
purposes of this subsection, “precious metal bullion”
means coins, bars, rounds, or sheets that contain at least
35 percent gold, silver, copper, platinum, or palladium
and that are marked with weight, purity, and content or
that a government authority minted on the basis of
weight, purity, and content.
(b) This subsection does not apply to any other tangi-
ble personal property that contains, in whole or in part,
precious metal bullion, such as jewelry, works of art,
scrap metal, or electronics.
* Section 991.11, WISCONSIN STATUTES: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s
partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.”