LRB-3730/1
JS:mfd:hmh
1997 - 1998 LEGISLATURE
September 2, 1997 - Introduced by Representatives Wasserman, Duff, Gronemus,
Gunderson, Kedzie, Kelso, F. Lasee, J. Lehman, Lorge, Meyer, Musser,
Olsen, Ott, Otte, Plouff, Riley, Robson, Seratti, Sykora and Walker,
cosponsored by Senators Darling, Rosenzweig, C. Potter, Roessler, Rude,
Weeden and Zien. Referred to Joint survey committee on Tax Exemptions.
AB494,1,2
1An Act to create 77.54 (8m) of the statutes;
relating to: creating a sales tax
2exemption and a use tax exemption for sales by educational foundations.
Analysis by the Legislative Reference Bureau
This bill creates a sales tax exemption and a use tax exemption for sales by
educational foundations that benefit public schools.
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:
AB494, s. 1
3Section
1. 77.54 (8m) of the statutes is created to read:
AB494,1,64
77.54
(8m) The gross receipts from sales by educational foundations if the
5entire net proceeds from the sales are expended for the educational purposes of
6public schools.
AB494,1,98
(1)
This act takes effect on the first day of the 2nd month beginning after
9publication.
