Senate Bill 418 proposes a sales and use tax exemption specifically for ski lifts and the machinery and equipment used exclusively to operate these lifts. This bill renumbers the existing statute 77.54 (58) to 77.54 (58) (a) and creates a new subsection, 77.54 (58) (b), which explicitly states that the sales price from the sale, storage, use, or other consumption of ski lifts and related equipment, including accessories and parts, will be exempt from sales and use tax.

The bill aims to align the tax treatment of ski lifts with the existing exemptions for snowmaking and snow-grooming equipment, thereby promoting the ski industry in Wisconsin. The changes will take effect on the first day of the third month following publication of the bill. Additionally, since the bill involves tax exemptions, it may be reviewed by the Joint Survey Committee on Tax Exemptions for further analysis.