2003 - 2004 LEGISLATURE
February 23, 2004 - Introduced by Representatives Plouff, Hebl, Turner,
Richards, Taylor, Morris, Krug, Miller, Musser, J. Lehman, Black,
Pope-Roberts, Pocan, Berceau, Hubler, Kreuser, Shilling, Vruwink,
Zepnick, Boyle, Balow, Sinicki, Sherman, Staskunas, Molepske and
Loeffelholz, cosponsored by Senators Lassa and
Wirch. Referred to Joint
Survey Committee on Tax Exemptions.
1An Act to create
77.54 (30m), 77.54 (47) and 560.62 (3m) of the statutes; 2relating to: technology development grants for renewable resource projects
3and creating sales tax and use tax exemptions for the sale of a renewable
4resource and for tangible personal property powered by a renewable resource.
Analysis by the Legislative Reference Bureau
This bill creates sales and use tax exemptions for the sale of a renewable
resource and for the sale of any item of tangible personal property that uses a
renewable resource. Under current law, " renewable resource" includes a resource
that derives electricity from a fuel cell that uses a renewable fuel, tidal or wave
action, solar thermal electric or photovoltaic energy, wind power, geothermal
technology, wood or plant material, biological waste, crops grown for use as a
resource, or landfill gases.
Under current law, the Development Finance Board (board) may award
technology development grants and loans, from the Wisconsin development fund, to
businesses to provide capital for developing and marketing a business or to fund
technical research that is intended to result in the development of a new, or the
improvement of an existing, industrial product or process.
This bill requires the board to biennially award technology development grants
or loans, not exceeding a total of $400,000 in each biennium, to businesses for
research, development, or commercialization activities related to renewable
This bill will be referred to the Joint Survey Committee on Tax Exemptions for
a detailed analysis, which will be printed as an appendix to this bill.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB873, s. 1
77.54 (30m) of the statutes is created to read:
The gross receipts from the sale of and the storage, use, or other 3
consumption of a renewable resource, as defined in s. 196.378 (1) (h).
AB873, s. 2
77.54 (47) of the statutes is created to read:
The gross receipts from the sale of and the storage, use, or other 6
consumption of any item of tangible personal property that uses a renewable 7
resource, as defined in s. 196.378 (1) (h), as a power source.
AB873, s. 3
560.62 (3m) of the statutes is created to read:
(a) In this subsection, "renewable resource" has the meaning given 10
in s. 196.378 (1) (h).
(b) The board shall biennially award technology development grants or loans, 12
not exceeding a total of $400,000 in each biennium, under sub. (1) to businesses or 13
consortiums for research, development, or commercialization activities related to 14
renewable resource projects. Any amount not awarded under this paragraph in each 15
biennium may be awarded as a grant or loan described under s. 560.61.
(1) The treatment of section 560.62 (3m) of the statutes first applies to grants 18
or loans awarded on July 1, 2005.
AB873, s. 5
This act takes effect on the day after publication, 20
except as follows:
(1) The treatment of section 77.54 (30m) and (47) of the statutes takes effect 2
on the first day of the 2nd month beginning after publication.