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 new legal language to sections 77.52 and 77.53, which outline the conditions under which sales are presumed taxable. The amendments clarify that gun safes will be included in the list of items exempt from sales tax, while also removing the previous reference to section 77.54 (72) and replacing it with the new section 77.54 (75), which explicitly defines the exemption for gun safes.

The bill aims to encourage the purchase of gun safes by eliminating the associated sales tax, thereby promoting responsible gun ownership and storage. The effective date of the act is set for the first day of the third month following its publication, allowing for a transition period for both consumers and retailers to adjust to the new tax exemption. The bill has been introduced and referred to the Committee on Ways and Means for further consideration.

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