AB339: Bill Text

LRB-1922/1

JK:nwn:rs

2009 - 2010 LEGISLATURE

2009 Assembly BILL 339

July 8, 2009 - Introduced by Representatives Murtha, Roth, Suder, Townsend, Brooks, LeMahieu, Honadel, Knodl, Spanbauer, Vos and Gunderson, cosponsored by Senator A. Lasee. Referred to Joint Committee on Finance.

AB339,1,3 An Act to create 77.54 (57) of the statutes; relating to: a sales and use tax exemption for building materials used to construct or remodel single-family residences.

Analysis by the Legislative Reference Bureau

This bill provides a sales and use tax exemption for lumber, siding, cement, windows, doors, and roofing materials used to construct or remodel single-family residences.

Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the 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:

AB339, s. 1 Section 1. 77.54 (57) of the statutes is created to read:

AB339,2,5 77.54 (57) For the 12-month period beginning on the effective date of this subsection .... [LRB inserts date], the gross receipts from the sale of and the storage, use, or other consumption of lumber, siding, cement, windows, doors, and roofing materials used to construct or remodel single-family residences if the constructed residences are placed in service after the effective date of this subsection .... [LRB inserts date] or if the remodeling is completed after the effective date of this subsection .... [LRB inserts date].

AB339, s. 2 Section 2. Effective date.

AB339,2,8 (1) This act takes effect on the first day of the 2nd month beginning after publication.

AB339,2,9 (End)