Precious Metals Not Taxed in WI

Precious Metals Not Taxed in WI

Sales taxes on precious metals are being eliminated in the State of Wisconsin. 

Governor Tony Evers signed Assembly Bill 29 and Senate Bill 33 into law yesterday, recognizing purchases of various forms of metals like gold and silver as investments.  Language in the law means buyers will not be charged sales tax for transactions on coins, bars, rounds or sheets that are made up of at least 35 percent gold, silver, copper, platinum, or palladium.  The new rules take effect tomorrow.

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