LRB-4770/2
JS:jlg:hmh
1997 - 1998 LEGISLATURE
February 5, 1998 - Introduced by Representatives Wood, F. Lasee, Staskunas,
Turner, Brandemuehl, Hahn, Porter, Musser, Plale, Murat, Hasenohrl,
Freese, Seratti, Grothman and Powers, cosponsored by Senators Rude,
Huelsman and A. Lasee. Referred to Joint survey committee on Tax
Exemptions.
AB771,1,2
1An Act to create 77.51 (4) (b) 8. and 77.51 (15) (b) 7. of the statutes;
relating to:
2the sales tax and use tax on certain manufacturers' rebates and discounts.
Analysis by the Legislative Reference Bureau
Under current law, the base for the sales tax and use tax is not reduced for
manufacturers' rebates or discounts. This bill effects that reduction for rebates and
discounts that are directly applied against the purchase price.
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:
AB771, s. 1
3Section
1. 77.51 (4) (b) 8. of the statutes is created to read:
AB771,1,54
77.51
(4) (b) 8. Manufacturers' rebates and discounts that apply to the property
5sold and that are directly applied against the purchase price.
AB771, s. 2
6Section
2. 77.51 (15) (b) 7. of the statutes is created to read:
AB771,2,2
177.51
(15) (b) 7. Manufacturers' rebates and discounts that apply to the
2property sold and that are directly applied against the purchase price.
AB771,2,54
(1)
This act takes effect on the first day of the 2nd month beginning after
5publication.
