2023 - 2024 LEGISLATURE
February 10, 2023 - Introduced by Representatives Sortwell, Schraa, Allen,
Armstrong, Behnke, Bodden, Brooks, Gustafson, Moses, Murphy, Mursau,
Penterman, Petersen, Rettinger, Tittl and Tusler, cosponsored by Senators
Stroebel, Cabral-Guevara, Felzkowski, Feyen, Nass, Quinn and Spreitzer.
Referred to Committee on Ways and Means.
AB29,1,2 1An Act to create 77.54 (70) of the statutes; relating to: a sales and use tax
2exemption for precious metal bullion.
Analysis by the Legislative Reference Bureau
This bill creates a sales and use tax exemption for precious metal bullion. The
bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at
least 35 percent gold, silver, copper, platinum, or palladium.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
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:
AB29,1 3Section 1. 77.54 (70) of the statutes is created to read:
AB29,2,24 77.54 (70) (a) The sales price from the sale of and the use or other consumption
5of precious metal bullion. For purposes of this subsection, “precious metal bullion”
6means coins, bars, rounds, or sheets that contain at least 35 percent gold, silver,

1copper, platinum, or palladium and that are marked with weight, purity, and content
2or that a government authority minted on the basis of weight, purity, and content.
AB29,2,53 (b) This subsection does not apply to any other tangible personal property that
4contains, in whole or in part, precious metal bullion, such as jewelry, works of art,
5scrap metal, or electronics.
AB29,2,66 (End)