LRB-3464/1
JK:wlj:ch
2005 - 2006 LEGISLATURE
September 14, 2005 - Introduced by Senators Hansen, Roessler, Carpenter, Lassa
and Wirch, cosponsored by Representatives McCormick, Nelson, Krawczyk,
Sheridan, Gunderson, Albers, Boyle, Fields, Berceau and Suder. Referred
to Joint Survey Committee on Tax Exemptions.
SB333,1,2
1An Act to create 77.54 (50) of the statutes;
relating to: a sales and use tax
2exemption for certain tangible personal property sold in August.
Analysis by the Legislative Reference Bureau
This bill creates a sales and use tax exemption for certain tangible personal
property purchased during the three-day period beginning on the first Friday of
August and ending on the following Sunday. The exemption applies to sales of
clothing, clothing accessories, footwear, school supplies, computers, and printers.
The exemption does not apply to sales of jewelry, cosmetics, eyewear, wallets,
watches, furniture, or items that are placed on layaway.
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 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:
SB333, s. 1
3Section
1. 77.54 (50) of the statutes is created to read:
SB333,2,24
77.54
(50) (a) Annually, for the 3-day period beginning on the first Friday in
5August and ending on the following Sunday, the gross receipts from the sale of and
1the storage, use, or other consumption of the following tangible personal property
2that is sold by a retailer located in this state:
SB333,2,44
2. Clothing accessories, including hats, scarves, hosiery, and handbags.
SB333,2,76
4. School supplies, including pens, pencils, paper, binders, notebooks, books,
7book bags, lunch boxes, and calculators.
SB333,2,88
5. Computers, printers, printer supplies, and computer software.
SB333,2,109
(b) 1. The exemption under this subsection does not apply to the sale of or the
10storage, use, or other consumption of the following:
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b. Cosmetics.
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f. Furniture.
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g. An item placed on layaway or on any similar deferred-payment and delivery
18plan.
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h. An item for use in a trade or business.
SB333,2,2120
2. The exemption under this subsection does not apply to the lease or rental of
21any item for use in a trade or business, of clothing, or of footwear.
SB333,2,2322
3. The exemption under this subsection does not apply to the taxes imposed
23under subch. V.
SB333,3,3
1(c) On or before July 10 of each year, the department shall publish and make
2available to the public and retailers a list of the tangible personal property for which
3an exemption is allowed under this subsection.
SB333,3,55
(1)
This act takes effect on the first Friday of August 2006.
