LRB-3196/1
JK:jlg:mrc
1999 - 2000 LEGISLATURE
October 20, 1999 - Introduced by Representatives Skindrud, Musser,
Brandemuehl, Goetsch, Black, Stone, Ott, Hasenohrl, Sykora, Ainsworth,
Gronemus, Spillner, Miller and Gunderson, cosponsored by Senators Rude,
A. Lasee and Roessler. Referred to Joint survey committee on Tax
Exemptions.
AB540,1,3
1An Act to amend 77.54 (3m) (intro.) of the statutes;
relating to: a sales tax and
2a use tax exemption for items used for conservation or restoration related to
3agricultural land.
Analysis by the Legislative Reference Bureau
Under current law, certain items, such as seeds, plants and fertilizer, are
exempt from the sales tax and the use tax if such items are used in the business of
farming. Under this bill, such items are exempt if the items are used for conservation
or restoration related to agricultural land or in the business of farming.
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:
AB540, s. 1
4Section
1. 77.54 (3m) (intro.) of the statutes is amended to read:
AB540,2,35
77.54
(3m) (intro.) The gross receipts from the sale of and the storage, use or
6other consumption of the following items if they are used exclusively by the
1purchaser or user
for conservation or restoration related to agricultural land or in
2the business of farming; including dairy farming, agriculture, horticulture,
3floriculture and custom farming services:
AB540,2,65
(1)
This act takes effect on the first day of the 2nd month beginning after
6publication.
