Tax 11.78(1)(g)(g) Silver bullion and gold bullion if the sale is sourced to a location in Wisconsin under s. 77.522, Stats., whether the sales contract is entered into in or outside of Wisconsin. Sales of silver and gold bullion sourced to a location outside Wisconsin are subject to the use tax when the bullion is brought into Wisconsin. Tax 11.78(2)(2) Nontaxable sales. Retail sales of the following tangible personal property and items, property, and goods under s. 77.52 (1) (b), (c), and (d), Stats., are not subject to the sales and use tax: Tax 11.78(2)(a)(a) United States coins and paper currency sold at face value. Tax 11.78(2)(b)(b) The portion of the selling price attributable to postage in the sale of prestamped envelopes if the nontaxable postage is separately itemized to the customer. Tax 11.78(2)(c)(c) Sales of bullion to persons in Wisconsin if the sale is sourced to a location outside Wisconsin under s. 77.522, Stats. Tax 11.78(2)(d)(d) Foreign coins and paper currency in current circulation, when sold at face value and when acquired as a medium of exchange. Tax 11.78(2)(e)(e) Uncancelled United States postage stamps intended for use as postage even if sold for an amount above face value. Tax 11.78 NoteNote: The interpretations in s. Tax 11.78 are effective under the general sales and use tax law on and after September 1, 1969, except that the separate impositions of tax on coins and stamps sold above face value under s. 77.52 (1) (b), Stats., certain leased property affixed to real property under s. 77.52 (1) (c), Stats., and digital goods under s. 77.52 (1) (d), Stats., became effective October 1, 2009, pursuant to 2009 Wis. Act 2. Tax 11.78 HistoryHistory: Cr. Register, January, 1977, No. 253, eff. 2-1-77; am. (2) (a), cr. (2) (e), Register, March, 1991, No. 423, eff. 4-1-91; EmR0924: emerg. am. (1) (intro.), (d), (g), (2) (intro.) and (c), eff. 10-1-09; CR 09-090: am. (1) (intro.), (d), (g), (2) (intro.) and (c) Register May 2010 No. 653, eff. 6-1-10; CR 10-094: am. (title), (1) (g) Register November 2010 No. 659, eff. 12-1-10. Tax 11.79Tax 11.79 Leases of highway vehicles and equipment. Tax 11.79(1)(1) General rule. The sales price received from the license, lease, or rental of motor vehicles and mobile equipment used on a highway is subject to the sales and use tax. Tax 11.79 NoteNote: See s. Tax 11.32 for additional information explaining what is included in the “sales price.” Tax 11.79(2)(2) Deductions from sales price. In determining a lessor’s taxable receipts under sub. (1), the cost of the following items may be deducted if they meet the conditions in sub. (3): Tax 11.79(2)(d)(d) Public liability insurance furnished by the lessor solely for the protection of the lessee but not including collision and comprehensive coverage. Tax 11.79(3)(a)2.2. The charge is separately stated in the lease agreement, billing, or invoice. Tax 11.79(3)(a)3.3. The lessor is willing and able to lease the motor vehicle or mobile equipment without providing the items listed in sub. (2). Tax 11.79(3)(b)(b) The deduction is limited to the lessor’s cost of the items furnished with the leased equipment. Tax 11.79(4)(4) Nondeductible items. In determining a lessor’s taxable sales price under sub. (1), the cost of the following may not be deducted: Tax 11.79(4)(a)(a) Amounts spent for the lessor’s own protection or for the protection of leased property, including collision or other insurance protection. Tax 11.79(4)(c)(c) Interest and other financing costs incurred by the lessor.