Relating to: the sales and use tax exemption for personal farm property or household goods sold by auction on the Internet. (FE)

SB 706 modifies Wisconsin's sales tax exemption for personal farm property or household goods sold at auction, limiting the exemption to five or fewer auction events per year. The bill defines an "auction event" as consecutive days of bidding (including online), regardless of whether the property is physically located at one or multiple sites. It specifically applies to auctions conducted by licensed auctioneers, clarifying that "location" means a single building or store in shopping centers. This change directly affects auctioneers and sellers of farm equipment or household items who use online bidding platforms. The law creates new definitions for "auctioneer" and "location" to standardize the exemption rules.