Assembly Bill 1100 proposes the creation of a sales and use tax exemption specifically for the sale of over-the-counter drugs in Wisconsin. The bill introduces new legal definitions and provisions, including the definition of "over-the-counter drug" in section 77.51 (9rm), which specifies that such drugs must have a label identifying them as a drug in accordance with federal regulations, including a drug facts panel and a statement of active ingredients. Additionally, section 77.54 (14) (g) is created to explicitly categorize over-the-counter drugs as exempt from sales and use tax.

The bill is designed to alleviate the financial burden on consumers purchasing over-the-counter medications by removing the tax associated with these products. It is important to note that this legislation may be subject to review by the Joint Survey Committee on Tax Exemptions due to its implications on state and local tax policies. The act is set to take effect on the first day of the third month following its publication.