LRB-2949/1
JK:cdc
2019 - 2020 LEGISLATURE
April 30, 2019 - Introduced by Senators Stroebel and Craig, cosponsored by
Representatives Sortwell, Wichgers, Zimmerman, Schraa, Quinn,
Brandtjen, Murphy, Skowronski, Gundrum and Brooks. Referred to
Committee on Agriculture, Revenue and Financial Institutions.
SB192,1,2
1An Act to create 77.54 (69) and 77.54 (70) of the statutes;
relating to: sales and
2use tax exemptions for precious metals and cryptocurrency.
Analysis by the Legislative Reference Bureau
This bill creates a sales and use tax exemption for precious metals and a sales
tax exemption for cryptocurrency.
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:
SB192,1
3Section
1. 77.54 (69) of the statutes is created to read:
SB192,1,64
77.54
(69) The sales price from the sale of and the use or other consumption
5of precious metals, including bullion and bullion metals cast into ingots or minted
6into coins at the market rate based on the spot price of their precious metal content.
SB192,2
7Section
2. 77.54 (70) of the statutes is created to read:
SB192,2,1
177.54
(70) The sales price from the sale of cryptocurrency.
