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Bills · 2025-2026 Regular Session

SB 748

Became law Official bill text Atom feed

Relating to: sales tax exemption certificates for the sale of precious metal bullion. (FE)

Personal property Revenue department of Sales tax — Exemption Sanitation and sewerage management

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan 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.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Cabral-Guevara (R) , Nass (R) , Spreitzer (D)

11 cosponsors

Armstrong (R) , Behnke (R) , J. Jacobson (D) , Knodl (R) , Krug (R) , Murphy (R) , O'Connor (R) , Ortiz-Velez (D) , Penterman (R) , Ratcliff (D) , Sortwell (R)

Votes

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

Passed 8–0 Feb 3, 2026 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: PASSAGE

Passed 29–4 Feb 11, 2026 official source full page

Full history

  1. Dec 12, 2025 · Senate

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

  2. Dec 12, 2025 · Senate

    Read first time and referred to Committee on Agriculture and Revenue

  3. Dec 22, 2025 · Senate

    Representative Knodl added as a cosponsor

  4. Jan 6, 2026 · Senate

    Fiscal estimate received

  5. Jan 28, 2026 · Senate

    Public hearing held

  6. Feb 3, 2026 · Senate

    Executive action taken

  7. Feb 3, 2026 · Senate

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

  8. Feb 3, 2026 · Senate

    Available for scheduling

  9. Feb 9, 2026 · Senate

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

  10. Feb 11, 2026 · Senate

    Read a second time

  11. Feb 11, 2026 · Senate

    Referred to joint committee on Finance

  12. Feb 11, 2026 · Senate

    Withdrawn from joint committee on Finance and taken up

  13. Feb 11, 2026 · Senate

    Ordered to a third reading

  14. Feb 11, 2026 · Senate

    Rules suspended to give bill its third reading

  15. Feb 11, 2026 · Senate

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

  16. Feb 11, 2026 · Senate

    Ordered immediately messaged

  17. Feb 11, 2026 · Senate

    Senator Ratcliff added as a coauthor

  18. Feb 12, 2026 · Assembly

    Received from Senate

  19. Feb 17, 2026 · Assembly

    Read

  20. Feb 17, 2026 · Assembly

    Rules suspended to withdraw from Senate message and take up

  21. Feb 17, 2026 · Assembly

    Read a second time

  22. Feb 17, 2026 · Assembly

    Ordered to a third reading

  23. Feb 17, 2026 · Assembly

    Rules suspended

  24. Feb 17, 2026 · Assembly

    Read a third time and concurred in

  25. Feb 17, 2026 · Assembly

    Ordered immediately messaged

  26. Feb 18, 2026 · Senate

    Received from Assembly concurred in

  27. Feb 26, 2026 · Senate

    Report correctly enrolled

  28. Mar 26, 2026 · Senate

    Presented to the Governor on 3-26-2026

  29. Mar 27, 2026 · Senate

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

  30. Mar 27, 2026 · Senate

    Published 3-28-2026