A Sales And Use Tax Exemption For Precious Metal Bullion. (Fe)

AI Summary

The bill proposes a sales and use tax exemption for precious metal bullion. This exemption aims to eliminate taxes on transactions involving precious metal bullion, which includes gold, silver, platinum, and palladium in the form of coins, bars, or rounds. The bill seeks to encourage investment in precious metals by removing financial barriers associated with sales and use taxes. If enacted, this exemption could potentially impact the cost and accessibility of investing in precious metals for individuals and businesses.

• 2023-02-10: Introduced

• 2023-02-10: Read first time and referred to Committee on Ways and Means

• 2023-02-16: Fiscal estimate received

• 2023-10-24: Representative Maxey added as a coauthor

• 2024-01-02: Representative Summerfield added as a coauthor

• 2024-02-01: Public hearing held

• 2024-02-13: Executive action taken

• 2024-02-14: Report passage recommended by Committee on Ways and Means, Ayes 8, Noes 4

• 2024-02-14: Referred to committee on Rules

• 2024-02-14: Referred to joint survey committee on Tax Exemptions pursuant to s. 13.52, Wisconsin Statutes

• 2024-02-15: Placed on calendar 2-20-2024 by Committee on Rules

• 2024-02-19: Executive action taken by joint survey committee on Tax Exemptions

• 2024-02-19: Report of Joint Survey Committee on Tax Exemptions received, Ayes 8, Noes 1

• 2024-02-20: Read a second time

• 2024-02-20: Ordered to a third reading

• 2024-02-20: Rules suspended

• 2024-02-20: Read a third time and passed, Ayes 86, Noes 12

• 2024-02-20: Ordered immediately messaged

• 2024-02-21: Received from Assembly

• 2024-02-26: Read first time and referred to committee on Senate Organization

• 2024-02-26: Available for scheduling

• 2024-03-11: Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)

• 2024-03-11: Executive action taken

• 2024-03-11: Report concurrence recommended by Joint Committee on Finance, Ayes 11, Noes 2

• 2024-03-11: Available for scheduling

• 2024-03-11: Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

• 2024-03-11: Placed on calendar 3-12-2024 pursuant to Senate Rule 18(1)

• 2024-03-12: Senate Amendment 1 offered by Senators Carpenter, Wirch, Agard, Hesselbein, L. Johnson, Larson, Pfaff, Smith and Spreitzer

• 2024-03-12: Senate Amendment 2 offered by Senators Roys, Agard, Hesselbein, Smith, Larson, L. Johnson, Spreitzer, Pfaff, Wirch and Carpenter

• 2024-03-12: Read a second time

• 2024-03-12: Point of order that Senate Amendment 1 was not germane well taken

• 2024-03-12: Decision of the Chair stands as the judgment of the Senate, Ayes 22, Noes 10

• 2024-03-12: Point of order that Senate Amendment 2 was not germane well taken

• 2024-03-12: Decision of the Chair stands as the judgment of the Senate, Ayes 22, Noes 10

• 2024-03-12: Ordered to a third reading

• 2024-03-12: Rules suspended to give bill its third reading

• 2024-03-12: Read a third time and concurred in, Ayes 23, Noes 9

• 2024-03-12: Ordered immediately messaged

• 2024-03-12: Received from Senate concurred in

• 2024-03-15: LRB correction

• 2024-03-15: Report correctly enrolled on 3-15-2024

• 2024-03-18: Presented to the Governor on 3-18-2024

• 2024-03-21: Report approved by the Governor on 3-21-2024. 2023 Wisconsin Act 149

• 2024-03-21: Published 3-22-2024