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 this exemption, adding gun safes to the list of items that are not subject to sales tax. Specifically, it modifies sections 77.52 and 77.53 to include the new exemption under section 77.54 (75), which defines gun safes as items specifically designed for the storage of guns, excluding other storage items like locking cabinets and racks.

The bill also clarifies the burden of proof regarding tax exemptions, stating that sellers must provide a certificate to prove that a sale is exempt unless the item falls under the newly established exemption for gun safes. The proposed changes aim to facilitate the proper administration of sales and use tax laws while promoting the purchase of gun safes as a safety measure. 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