LRB-0270/P2
JK:kjf:jf
2013 - 2014 LEGISLATURE
DOA:......Ley, BB0065 - Deduction on current sales tax return for exemption certificates received after a taxable sale is reported
For 2013-2015 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
taxation
Other taxation
This bill provides that a retailer who receives a sales and use tax exemption certificate after reporting a sale as taxable may either claim a deduction for the tax amount on a subsequent sales and use tax return or file an amended return for the period in which the transaction was originally reported.
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:
Section
1. 77.585 (10) of the statutes is created to read:
77.585 (10) A retailer who receives an exemption certificate after reporting a sale as taxable may either claim a deduction for the tax amount on a subsequent return or file an amended return for the period in which the transaction was originally reported.
(End)
