On March 21, 2024, Wisconsin Governor Tony Evers signed Assembly Bill 29 which creates a sales and use tax exemption for precious metal bullion. The bill defines “precious metal bullion” as coins, bars, rounds, or sheets that contain at least 35 percent gold, silver, copper, platinum, or palladium that are either marked with weight, purity, and content or minted by a government authority on the basis of weight purity and content.
The bill, which is now Wisconsin Act 149, became effective almost immediately on March 23, 2024. We anticipate official guidance from the state of Wisconsin during the first part of April 2024. Please see Wisconsin Act 149 for more information regarding this change.
