Current through August 26, 2024
(1) TAXABLE SALES.
Retail sales of the following tangible personal property and items, property,
and goods under s.
77.52(1) (b), (c), and (d), Stats., are subject to the sales and
use tax:
(a) Cancelled United States and
foreign postage stamps.
(b)
Uncancelled United States postage stamps when sold or traded as collectors'
items above their face value.
(c)
Uncancelled foreign postage stamps.
(d) Postage charges which are billed by the
seller of the tangible personal property or items, property, or goods under s.
77.52(1) (b), (c), or (d), Stats., to the purchaser in
connection with the sale and delivery of tangible personal property or items,
property, or goods under s.
77.52(1) (b), (c), or (d), Stats., if the sale of the property,
item, or good is subject to the tax.
(e) Foreign coins and paper currency when
sold or traded as collectors' items.
(f) United States coins and paper currency
when sold or traded as collectors' items above their face value.
(g) Silver bullion and gold bullion if the
sale is sourced to a location in Wisconsin under s.
77.522, Stats., whether
the sales contract is entered into in or outside of Wisconsin. Sales of silver
and gold bullion sourced to a location outside Wisconsin are subject to the use
tax when the bullion is brought into Wisconsin.
(h) Commemorative medals.
(2) NONTAXABLE SALES. Retail sales
of the following tangible personal property and items, property, and goods
under s.
77.52(1) (b), (c), and (d), Stats., are not subject to the sales
and use tax:
(a) United States coins and
paper currency sold at face value.
(b) The portion of the selling price
attributable to postage in the sale of prestamped envelopes if the nontaxable
postage is separately itemized to the customer.
(c) Sales of bullion to persons in Wisconsin
if the sale is sourced to a location outside Wisconsin under s.
77.522, Stats.
(d) Foreign coins and paper currency in
current circulation, when sold at face value and when acquired as a medium of
exchange.
(e) Uncancelled United
States postage stamps intended for use as postage even if sold for an amount
above face value.
Section Tax 11.78 interpretss.
77.51(15b) and (20) and
77.522, Stats.
The interpretations in s. Tax 11.78 are effective under
the general sales and use tax law on and after September 1, 1969, except that
the separate impositions of tax on coins and stamps sold above face value under
s.
77.52(1) (b), Stats., certain leased property affixed
to real property under s.
77.52(1) (c), Stats., and digital goods under s.
77.52(1) (d), Stats., became effective October 1,
2009, pursuant to 2009 Wis. Act 2.
