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LRBs0060/1
JK:cdc
2019 - 2020 LEGISLATURE
ASSEMBLY SUBSTITUTE AMENDMENT 1,
TO ASSEMBLY BILL 200
July 17, 2019 - Offered by Representative Sortwell.
AB200-ASA1,1,2 1An Act to create 77.54 (69) and 77.54 (70) of the statutes; relating to: sales and
2use tax exemptions for precious metal bullion and cryptocurrency.
Analysis by the Legislative Reference Bureau
This bill creates a sales and use tax exemption for precious metal bullion and
a sales tax exemption for cryptocurrency.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB200-ASA1,1 3Section 1. 77.54 (69) of the statutes is created to read:
AB200-ASA1,1,84 77.54 (69) (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 gold, silver, copper, platinum, or
7palladium and that are marked with weight, purity, and content or for which the
8government issuer has certified the weight, purity, and content.
AB200-ASA1,2,3
1(b) This subsection does not apply to any other tangible personal property that
2contains, in whole or in part, precious metal bullion, such as jewelry, works of art,
3scrap metal, or electronics.
AB200-ASA1,2 4Section 2. 77.54 (70) of the statutes is created to read:
AB200-ASA1,2,55 77.54 (70) The sales price from the sale of cryptocurrency.
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