Senate Bill 12 proposes a sales and use tax exemption specifically for the sale of gun safes in Wisconsin. The bill amends existing statutes, specifically 77.52 (13) and 77.53 (10), to include gun safes as exempt items under the tax code. The amendments remove the previous limitation on exemptions by adding gun safes to the list of items that do not require a certificate for tax exemption. Additionally, the bill creates a new section, 77.54 (75), which explicitly states that the sales price from the sale and use of gun safes designed for gun storage will be exempt from sales tax.

The bill aims to encourage the purchase of gun safes, thereby promoting safe storage practices for firearms. It is important to note that the exemption applies only to gun safes and not to other items used for gun storage, such as locking cabinets or racks. The bill is set to take effect on the first day of the third month following its publication, pending approval.

Statutes affected:
Bill Text: 77.52(13), 77.52, 77.53(10), 77.53