Assembly Bill 419 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 consumption of ski lifts and related equipment, including accessories and parts, will be exempt from sales and use tax.

Currently, the law already provides a tax exemption for snowmaking and snow-grooming machines used at ski facilities. The introduction of this bill aims to extend similar tax relief to ski lifts, potentially benefiting ski resorts and related businesses in Wisconsin. The bill may also be reviewed by the Joint Survey Committee on Tax Exemptions due to its implications on state and local tax policies.