Relating to: sales tax exemption certificates for the sale of precious metal bullion. (FE)
SB 748 removes the requirement for sellers to obtain exemption certificates from buyers when selling precious metal bullion. This change directly affects retailers selling bullion and simplifies the sales process by eliminating an administrative step for transactions already exempt from sales tax under existing law. The bill amends tax statutes to clarify that no certificate is needed for these specific exempt sales, streamlining compliance without altering the tax status of bullion purchases.
Bill status
signed
all 5 stages cleared
Introduction
Dec 2025
Committee Review
Feb 2026
Senate Passage
Feb 2026
Assembly Passage
Feb 2026
Signed into Law
Mar 2026
Introduced Dec 12, 2025
Signed Mar 27, 2026
Floor votes · Senate Feb 11, 2026
How they voted
30–4
Passed
Total votes 34
Feb 11, 2026
D
Democratic16
75% Yea
R
Republican18
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
30
Key actions
4
Committee
2
Mar 27, 2026
Signed into law
Report approved by the Governor on 3-27-2026. 2025 Wisconsin Act 124
upper
Feb 17, 2026
Lower · Passed
Read a third time and concurred in
lower
Feb 11, 2026
Upper · Passed
Read a third time and passed, Ayes 29, Noes 4
upper
Feb 11, 2026
Committee
Referred to joint committee on Finance
upper
Feb 3, 2026
Upper · Passed
Report passage recommended by Committee on Agriculture and Revenue, Ayes 8, Noes 0
upper
Dec 12, 2025
Introduced
Introduced by Senators Cabral-Guevara, Spreitzer and Nass;
cosponsored by Representatives Sortwell, O'Connor, J. Jacobson, Armstrong, Behnke, Krug, Murphy, Ortiz-Velez and Penterman
upper
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark Spreitzer
DDemocratic
P
Rachael Cabral-Guevara
RRepublican
P
Steve Nass
RRepublican
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