AB40-SA26,18,1513 (k) Covenant as to the custody and safekeeping of any of its properties or
14investments, the insurance to be carried on the property or investments, and the use
15and disposition of insurance proceeds.
AB40-SA26,18,1816 (L) Covenant as to the vesting in one or more trustees, within or outside the
17state, of those properties, rights, powers, and duties in trust as the authority
18determines.
AB40-SA26,18,2119 (m) Covenant as to the appointing of, and providing for the duties and
20obligations of, one or more paying agent or other fiduciaries within or outside the
21state.
AB40-SA26,18,2422 (n) Make all other covenants and do any act that may be necessary or
23convenient or desirable in order to secure its bonds or, in the absolute discretion of
24the authority, tend to make the bonds more marketable.
AB40-SA26,19,4
1(o) Execute all instruments necessary or convenient in the exercise of the
2powers granted under this section or in the performance of covenants or duties,
3which may contain such covenants and provisions as a purchaser of the bonds of the
4authority may reasonably require.
AB40-SA26,19,16 5(10) Refunding bonds. An authority may issue refunding bonds for the
6purpose of paying any of its bonds at or prior to maturity or upon acceleration or
7redemption. An authority may issue refunding bonds at such time prior to the
8maturity or redemption of the refunded bonds as the authority deems to be in the
9public interest. The refunding bonds may be issued in sufficient amounts to pay or
10provide the principal of the bonds being refunded, together with any redemption
11premium on the bonds, any interest accrued or to accrue to the date of payment of
12the bonds, the expenses of issue of the refunding bonds, the expenses of redeeming
13the bonds being refunded, and such reserves for debt service or other capital or
14current expenses from the proceeds of such refunding bonds as may be required by
15the resolution, trust indenture, or other security instruments. To the extent
16applicable, refunding bonds are subject to subs. (8) and (9).
AB40-SA26,19,18 17(11) Bonds eligible for investment. (a) Any of the following may invest funds,
18including capital in their control or belonging to them, in bonds of the authority:
AB40-SA26,19,1919 1. Public officers and agencies of the state.
AB40-SA26,19,2020 2. Local governmental units, as defined in s. 19.42 (7u).
AB40-SA26,19,2121 3. Insurance companies.
AB40-SA26,19,2222 4. Trust companies.
AB40-SA26,19,2323 5. Banks.
AB40-SA26,19,2424 6. Savings banks.
AB40-SA26,19,2525 7. Savings and loan associations.
AB40-SA26,20,1
18. Investment companies.
AB40-SA26,20,22 9. Personal representatives.
AB40-SA26,20,33 10. Trustees.
AB40-SA26,20,44 11. Other fiduciaries not listed in this paragraph.
AB40-SA26,20,85 (b) The authority's bonds are securities that may be deposited with and
6received by any officer or agency of the state or any local governmental unit, as
7defined in s. 19.42 (7u), for any purpose for which the deposit of bonds or obligations
8of the state or any local governmental unit is authorized by law.
AB40-SA26,20,16 9(12) Budgets; rates and charges; audit. The board of directors of an authority
10shall annually prepare a budget for the authority. Rates and other charges received
11by an authority shall be used only for the general expenses and capital expenditures
12of the authority, to pay interest, amortization, and retirement charges on bonds, and
13for specific purposes of the authority and may not be transferred to any political
14subdivision. The authority shall maintain an accounting system in accordance with
15generally accepted accounting principles and shall have its financial statements and
16debt covenants audited annually by an independent certified public accountant.
AB40-SA26,20,19 17(13) Withdrawal from authority. (a) A participating political subdivision that
18joined an authority under sub. (2) (f) 2. may withdraw from an authority if all of the
19following conditions are met:
AB40-SA26,20,2120 1. The governing body of the political subdivision adopts a resolution
21requesting withdrawal of the political subdivision from the authority.
AB40-SA26,20,2322 2. The political subdivision has paid, or made provision for the payment of, all
23obligations of the political subdivision to the authority.
AB40-SA26,21,624 (b) If a participating political subdivision withdraws from an authority, the
25authority shall provide the department of revenue with a certified copy of the

1resolution that approves the withdrawal. The withdrawal is effective on the first day
2of the calendar quarter that begins at least 120 days after the department receives
3the certified copy of the resolution approving the withdrawal. If the authority from
4which the political subdivision withdraws continues to exist after the withdrawal,
5the authority shall provide information describing the exact boundaries of its
6jurisdictional area, as provided in sub. (4) (s) 2.
AB40-SA26,21,8 7(14) Duty to provide transit service. An authority shall provide, or contract
8for the provision of, transit service within the authority's jurisdictional area.
AB40-SA26,21,13 9(17) Other statutes. This section does not limit the powers of political
10subdivisions to enter into intergovernmental cooperation or contracts or to establish
11separate legal entities under s. 66.0301 or 66.1021 or any other applicable law, or
12otherwise to carry out their powers under applicable statutory provisions. Section
1366.0803 (2) does not apply to an authority.".
AB40-SA26,21,14 149. Page 684, line 23: after that line insert:
AB40-SA26,21,15 15" Section 1277o. 67.01 (5) of the statutes is amended to read:
AB40-SA26,21,2316 67.01 (5) "Municipality" means any of the following which is authorized to levy
17a tax: a county, city, village, town, school district, board of park commissioners,
18technical college district, metropolitan sewerage district created under ss. 200.01 to
19200.15 or 200.21 to 200.65, town sanitary district under subch. IX of ch. 60, transit
20authority created under s. 66.1039,
public inland lake protection and rehabilitation
21district established under s. 33.23, 33.235, or 33.24, and any other public body
22empowered to borrow money and issue obligations to repay the money out of public
23funds or revenues. "Municipality" does not include the state.".
AB40-SA26,21,24 2410. Page 686, line 12: after that line insert:
AB40-SA26,22,1
1" Section 1278gm. 70.11 (2) of the statutes is amended to read:
AB40-SA26,22,162 70.11 (2) Municipal property and property of certain districts, exception.
3Property owned by any county, city, village, town, school district, technical college
4district, public inland lake protection and rehabilitation district, metropolitan
5sewerage district, municipal water district created under s. 198.22, joint local water
6authority created under s. 66.0823, transit authority created under s. 66.1039,
7long-term care district under s. 46.2895 or town sanitary district; lands belonging
8to cities of any other state used for public parks; land tax-deeded to any county or
9city before January 2; but any residence located upon property owned by the county
10for park purposes that is rented out by the county for a nonpark purpose shall not
11be exempt from taxation. Except as to land acquired under s. 59.84 (2) (d), this
12exemption shall not apply to land conveyed after August 17, 1961, to any such
13governmental unit or for its benefit while the grantor or others for his or her benefit
14are permitted to occupy the land or part thereof in consideration for the conveyance.
15Leasing the property exempt under this subsection, regardless of the lessee and the
16use of the leasehold income, does not render that property taxable.".
AB40-SA26,22,17 1711. Page 761, line 14: after that line insert:
AB40-SA26,22,18 18" Section 1372bm. 71.26 (1) (b) of the statutes is amended to read:
AB40-SA26,22,2319 71.26 (1) (b) Political units. Income received by the United States, the state
20and all counties, cities, villages, towns, school districts, technical college districts,
21joint local water authorities created under s. 66.0823, transit authorities created
22under s. 66.1039,
long-term care districts under s. 46.2895 or other political units
23of this state.".
AB40-SA26,22,24 2412. Page 853, line 3: after that line insert:
AB40-SA26,23,1
1" Section 1474m. Chapter 77 (title) of the statutes is amended to read:
AB40-SA26,23,22 CHAPTER 77
AB40-SA26,23,133 TAXATION OF FOREST CROPLANDS;
4 REAL ESTATE TRANSFER FEES;
5 SALES AND USE TAXES; COUNTY,
6TRANSIT AUTHORITY, AND SPECIAL
7 DISTRICT SALES AND USE TAXES;
8 MANAGED FOREST LAND; ECONOMIC
9 DEVELOPMENT SURCHARGE; LOCAL FOOD
10 AND BEVERAGE TAX; LOCAL RENTAL
11 CAR TAX; Premier resort area
12 taxes; state rental vehicle fee;
13 dry cleaning fees".
AB40-SA26,23,14 1413. Page 857, line 7: after that line insert:
AB40-SA26,23,15 15" Section 1488m. 77.54 (9a) (er) of the statutes is created to read:
AB40-SA26,23,1616 77.54 (9a) (er) Any transit authority created under s. 66.1039.".
AB40-SA26,23,17 1714. Page 862, line 9: after that line insert:
AB40-SA26,23,19 18" Section 1501ag. Subchapter V (title) of chapter 77 [precedes 77.70] of the
19statutes is amended to read:
AB40-SA26,23,2020 CHAPTER 77
AB40-SA26,23,2121 SUBCHAPTER V
AB40-SA26,23,2422 COUNTY, TRANSIT AUTHORITY, AND
23 SPECIAL DISTRICT SALES AND USE
24 TAXES
AB40-SA26,1501ah
1Section 1501ah. 77.708 of the statutes is created to read:
AB40-SA26,24,9 277.708 Adoption by resolution and referendum; transit authority. (1)
3A transit authority created under s. 66.1039, by resolution and referendum under s.
466.1039 (4) (s), may impose a sales tax and a use tax under this subchapter at a rate
5of 0.1, 0.2, 0.3, 0.4, or 0.5 percent of the sales price or purchase price. Those taxes
6may be imposed only in their entirety. The resolution and referendum shall be
7effective on the first day of the first calendar quarter that begins at least 120 days
8after a certified copy of the resolution and affirmative result of the referendum are
9delivered to the department of revenue.
AB40-SA26,24,15 10(2) Retailers and the department of revenue may not collect a tax under sub.
11(1) for any transit authority created under s. 66.1039 beginning on the first day of
12the calendar quarter that is at least 120 days after a certified copy of the repeal
13resolution under s. 66.1039 (4) (s) is delivered to the department of revenue, except
14that the department of revenue may collect from retailers taxes that accrued before
15such calendar quarter and fees, interest, and penalties that relate to those taxes.
AB40-SA26,1501ai 16Section 1501ai. 77.71 of the statutes is amended to read:
AB40-SA26,24,21 1777.71 Imposition of county, transit authority, and special district sales
18and use taxes.
Whenever a county sales and use tax ordinance is adopted under
19s. 77.70, a transit authority resolution is adopted under s. 77.708 and affirmed by
20referendum,
or a special district resolution is adopted under s. 77.705 or 77.706, the
21following taxes are imposed:
AB40-SA26,25,8 22(1) For the privilege of selling, licensing, leasing, or renting tangible personal
23property and the items, property, and goods specified under s. 77.52 (1) (b), (c), and
24(d), and for the privilege of selling, licensing, performing, or furnishing services a
25sales tax is imposed upon retailers at the rates under s. 77.70 in the case of a county

1tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
2under s. 77.705 or 77.706 in the case of a special district tax of the sales price from
3the sale, license, lease, or rental of tangible personal property and the items,
4property, and goods specified under s. 77.52 (1) (b), (c), and (d), except property taxed
5under sub. (4), sold, licensed, leased, or rented at retail in the county or, special
6district, or transit authority's jurisdictional area, or from selling, licensing,
7performing, or furnishing services described under s. 77.52 (2) in the county or,
8special district, or transit authority's jurisdictional area.
AB40-SA26,25,24 9(2) An excise tax is imposed at the rates under s. 77.70 in the case of a county
10tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
11under s. 77.705 or 77.706 in the case of a special district tax of the purchase price
12upon every person storing, using, or otherwise consuming in the county or, special
13district, or transit authority's jurisdictional area tangible personal property, or
14items, property, or goods specified under s. 77.52 (1) (b), (c), or (d), or services if the
15tangible personal property, item, property, good, or service is subject to the state use
16tax under s. 77.53, except that a receipt indicating that the tax under sub. (1), (3),
17or (4) has been paid relieves the buyer of liability for the tax under this subsection
18and except that if the buyer has paid a similar local tax in another state on a purchase
19of the same tangible personal property, item, property, good, or service that tax shall
20be credited against the tax under this subsection and except that for motor vehicles
21that are used for a purpose in addition to retention, demonstration, or display while
22held for sale in the regular course of business by a dealer the tax under this
23subsection is imposed not on the purchase price but on the amount under s. 77.53
24(1m).
AB40-SA26,26,13
1(3) An excise tax is imposed upon a contractor engaged in construction
2activities within the county or, special district, or transit authority's jurisdictional
3area,
at the rates under s. 77.70 in the case of a county tax, at the rate under s. 77.708
4in the case of a transit authority tax,
or at the rate under s. 77.705 or 77.706 in the
5case of a special district tax of the purchase price of tangible personal property or
6items, property, or goods under s. 77.52 (1) (b), (c), or (d) that are used in constructing,
7altering, repairing, or improving real property and that became a component part of
8real property in that county or special district or in the transit authority's
9jurisdictional area
, except that if the contractor has paid the sales tax of a county,
10transit authority,
or special district in this state on that tangible personal property,
11item, property, or good, or has paid a similar local sales tax in another state on a
12purchase of the same tangible personal property, item, property, or good, that tax
13shall be credited against the tax under this subsection.
AB40-SA26,26,24 14(4) An excise tax is imposed at the rates under s. 77.70 in the case of a county
15tax, at the rate under s. 77.708 in the case of a transit authority tax, or at the rate
16under s. 77.705 or 77.706 in the case of a special district tax of the purchase price
17upon every person storing, using, or otherwise consuming a motor vehicle, boat,
18recreational vehicle, as defined in s. 340.01 (48r), or aircraft, if that property must
19be registered or titled with this state and if that property is to be customarily kept
20in a county that has in effect an ordinance under s. 77.70, the jurisdictional area of
21a transit authority that has in effect a resolution under s. 77.708,
or in a special
22district that has in effect a resolution under s. 77.705 or 77.706, except that if the
23buyer has paid a similar local sales tax in another state on a purchase of the same
24property that tax shall be credited against the tax under this subsection.
AB40-SA26,1501aj 25Section 1501aj. 77.73 (2) of the statutes is amended to read:
AB40-SA26,27,9
177.73 (2) Counties and, special districts, and transit authorities do not have
2jurisdiction to impose the tax under s. 77.71 (2) in regard to items, property, and
3goods under s. 77.52 (1) (b), (c), and (d), and tangible personal property, except
4snowmobiles, trailers, semitrailers, all-terrain vehicles, and utility terrain vehicles,
5purchased in a sale that is consummated in another county or special district in this
6state, or in another transit authority's jurisdictional area, that does not have in effect
7an ordinance or resolution imposing the taxes under this subchapter and later
8brought by the buyer into the county or, special district, or jurisdictional area of the
9transit authority
that has imposed a tax under s. 77.71 (2).
AB40-SA26,1501ak 10Section 1501ak. 77.73 (3) of the statutes is amended to read:
AB40-SA26,27,2111 77.73 (3) Counties and, special districts, and transit authorities have
12jurisdiction to impose the taxes under this subchapter on retailers who file, or who
13are required to file, an application under s. 77.52 (7) or who register, or who are
14required to register, under s. 77.53 (9) or (9m), regardless of whether such retailers
15are engaged in business in the county or, special district, or transit authority's
16jurisdictional area,
as provided in s. 77.51 (13g). A retailer who files, or is required
17to file, an application under s. 77.52 (7) or who registers, or is required to register,
18under s. 77.53 (9) or (9m) shall collect, report, and remit to the department the taxes
19imposed under this subchapter for all counties or, special districts, and transit
20authorities
that have an ordinance or resolution imposing the taxes under this
21subchapter.
AB40-SA26,1501aL 22Section 1501aL. 77.75 of the statutes is amended to read:
AB40-SA26,28,2 2377.75 Reports. Every person subject to county, transit authority, or special
24district sales and use taxes shall, for each reporting period, record that person's sales
25made in the county or, special district , or jurisdictional area of a transit authority

1that has imposed those taxes separately from sales made elsewhere in this state and
2file a report as prescribed by the department of revenue.
AB40-SA26,1501am 3Section 1501am. 77.76 (1) of the statutes is amended to read:
AB40-SA26,28,104 77.76 (1) The department of revenue shall have full power to levy, enforce, and
5collect county, transit authority, and special district sales and use taxes and may take
6any action, conduct any proceeding, impose interest and penalties, and in all respects
7proceed as it is authorized to proceed for the taxes imposed by subch. III. The
8department of transportation and the department of natural resources may
9administer the county, transit authority, and special district sales and use taxes in
10regard to items under s. 77.61 (1).
AB40-SA26,1501an 11Section 1501an. 77.76 (2) of the statutes is amended to read:
AB40-SA26,28,1512 77.76 (2) Judicial and administrative review of departmental determinations
13shall be as provided in subch. III for state sales and use taxes, and no county, transit
14authority,
or special district may intervene in any matter related to the levy,
15enforcement, and collection of the taxes under this subchapter.
AB40-SA26,1501ao 16Section 1501ao. 77.76 (3r) of the statutes is created to read:
AB40-SA26,29,917 77.76 (3r) From the appropriation under s. 20.835 (4) (gc) the department of
18revenue shall distribute 98.5 percent of the taxes reported for each transit authority
19that has imposed taxes under this subchapter, minus the transit authority portion
20of the retailers' discount, to the transit authority no later than the end of the 3rd
21month following the end of the calendar quarter in which such amounts were
22reported. At the time of distribution the department of revenue shall indicate the
23taxes reported by each taxpayer. In this subsection, the "transit authority portion
24of the retailers' discount" is the amount determined by multiplying the total
25retailers' discount by a fraction the numerator of which is the gross transit authority

1sales and use taxes payable and the denominator of which is the sum of the gross
2state and transit authority sales and use taxes payable. The transit authority taxes
3distributed shall be increased or decreased to reflect subsequent refunds, audit
4adjustments, and all other adjustments of the transit authority taxes previously
5distributed. Interest paid on refunds of transit authority sales and use taxes shall
6be paid from the appropriation under s. 20.835 (4) (gc) at the rate paid by this state
7under s. 77.60 (1) (a). Any transit authority receiving a report under this subsection
8is subject to the duties of confidentiality to which the department of revenue is
9subject under s. 77.61 (5).
AB40-SA26,1501ap 10Section 1501ap. 77.76 (4) of the statutes is amended to read:
AB40-SA26,29,1611 77.76 (4) There shall be retained by the state 1.5% of the taxes collected for
12taxes imposed by special districts under ss. 77.705 and 77.706 and transit authorities
13under s. 77.708
and 1.75% of the taxes collected for taxes imposed by counties under
14s. 77.70 to cover costs incurred by the state in administering, enforcing, and
15collecting the tax. All interest and penalties collected shall be deposited and retained
16by this state in the general fund.
AB40-SA26,1501aq 17Section 1501aq. 77.77 (1) of the statutes is amended to read:
AB40-SA26,30,218 77.77 (1) (a) The sales price from services subject to the tax under s. 77.52 (2)
19or the lease, rental, or license of tangible personal property and property, items, and
20goods specified under s. 77.52 (1) (b), (c), and (d), is subject to the taxes under this
21subchapter, and the incremental amount of tax caused by a rate increase applicable
22to those services, leases, rentals, or licenses is due, beginning with the first billing
23period starting on or after the effective date of the county ordinance, special district
24resolution, transit authority resolution, or rate increase, regardless of whether the

1service is furnished or the property, item, or good is leased, rented, or licensed to the
2customer before or after that date.
AB40-SA26,30,113 (b) The sales price from services subject to the tax under s. 77.52 (2) or the lease,
4rental, or license of tangible personal property and property, items, and goods
5specified under s. 77.52 (1) (b), (c), and (d), is not subject to the taxes under this
6subchapter, and a decrease in the tax rate imposed under this subchapter on those
7services first applies, beginning with bills rendered on or after the effective date of
8the repeal or sunset of a county ordinance or, special district resolution, or transit
9authority resolution
imposing the tax or other rate decrease, regardless of whether
10the service is furnished or the property, item, or good is leased, rented, or licensed
11to the customer before or after that date.
AB40-SA26,1501ar 12Section 1501ar. 77.77 (3) of the statutes is amended to read:
AB40-SA26,30,2213 77.77 (3) The sale of building materials to contractors engaged in the business
14of constructing, altering, repairing or improving real estate for others is not subject
15to the taxes under this subchapter, and the incremental amount of tax caused by the
16rate increase applicable to those materials is not due, if the materials are affixed and
17made a structural part of real estate, and the amount payable to the contractor is
18fixed without regard to the costs incurred in performing a written contract that was
19irrevocably entered into prior to the effective date of the county ordinance, special
20district resolution, transit authority resolution, or rate increase or that resulted from
21the acceptance of a formal written bid accompanied by a bond or other performance
22guaranty that was irrevocably submitted before that date.
AB40-SA26,1501as 23Section 1501as. 77.78 of the statutes is amended to read:
AB40-SA26,31,5 2477.78 Registration. No motor vehicle, boat, snowmobile, recreational vehicle,
25as defined in s. 340.01 (48r), trailer, semitrailer, all-terrain vehicle, utility terrain

1vehicle, or aircraft that is required to be registered by this state may be registered
2or titled by this state unless the registrant files a sales and use tax report and pays
3the county tax, transit authority tax, and special district tax at the time of registering
4or titling to the state agency that registers or titles the property. That state agency
5shall transmit those tax revenues to the department of revenue.".
AB40-SA26,31,6 615. Page 891, line 12: after that line insert:
AB40-SA26,31,7 7" Section 1564w. 85.064 (1) (b) of the statutes is amended to read:
AB40-SA26,31,108 85.064 (1) (b) "Political subdivision" means any city, village, town, county, or
9transit commission organized under s. 59.58 (2) or 66.1021 or recognized under s.
1066.0301, or transit authority created under s. 66.1039 within this state.".
AB40-SA26,31,11 1116. Page 1141, line 7: after that line insert:
AB40-SA26,31,12 12" Section 2165g. 345.05 (1) (ag) of the statutes is created to read:
AB40-SA26,31,1313 345.05 (1) (ag) "Authority" means a transit authority created under s. 66.1039.
AB40-SA26,2165h 14Section 2165h. 345.05 (2) of the statutes is amended to read:
AB40-SA26,31,2315 345.05 (2) A person suffering any damage proximately resulting from the
16negligent operation of a motor vehicle owned and operated by a municipality or
17authority
, which damage was occasioned by the operation of the motor vehicle in the
18course of its business, may file a claim for damages against the municipality or
19authority
concerned and the governing body of the municipality , or the board of
20directors of the authority,
may allow, compromise, settle and pay the claim. In this
21subsection, a motor vehicle is deemed owned and operated by a municipality or
22authority
if the vehicle is either being rented or leased, or is being purchased under
23a contract whereby the municipality or authority will acquire title.".
AB40-SA26,31,24 2417. Page 1185, line 20: after that line insert:
AB40-SA26,32,1
1" Section 2265bm. 611.11 (4) (a) of the statutes is amended to read:
AB40-SA26,32,32 611.11 (4) (a) In this subsection, "municipality" has the meaning given in s.
3345.05 (1) (c), but also includes any transit authority created under s. 66.1039.".
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