Assembly Bill 10 proposes a sales and use tax exemption specifically for the sale of gun safes in Wisconsin. The bill amends existing statutes to include gun safes under the list of items exempt from sales tax, thereby encouraging their purchase for safe gun storage. The amendments to sections 77.52 and 77.53 include the insertion of the new exemption category (75) for gun safes, while also removing the previous reference to category (72) in the context of exemptions.

The bill creates a new section, 77.54 (75), which explicitly states that the sales price from the sale and the storage, use, or consumption of gun safes designed for gun storage will be exempt from sales tax. This legislative change aims to promote responsible gun ownership and safety by making it more financially accessible for individuals to purchase gun safes. The act is set to take effect on the first day of the third month following its publication.

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