AB471: Bill Text

LRB-2967/2

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2001 - 2002 LEGISLATURE

2001 Assembly BILL 471

August 15, 2001 - Introduced by Representatives Jeskewitz, Gronemus, Krawczyk, Ainsworth, Owens and Pettis, cosponsored by Senator Darling. Referred to Joint survey committee on Tax Exemptions.

AB471,1,2 An Act to create 77.54 (46) of the statutes; relating to: a sales tax and use tax exemption for oxygen and acetylene used to cut metal.

Analysis by the Legislative Reference Bureau

This bill creates a sales tax and use tax exemption for oxygen and acetylene used to cut metal in manufacturing.

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:

AB471, s. 1 Section 1. 77.54 (46) of the statutes is created to read:

AB471,1,6 77.54 (46) The gross receipts from the sale of and the storage, use, or other consumption of oxygen and acetylene used to cut metal in manufacturing, as defined under sub. (6m).

AB471, s. 2 Section 2. Effective date.

AB471,2,2 (1) This act takes effect on the first day of the 2nd month beginning after publication.

AB471,2,3 (End)