AB519: Bill Text

LRB-3624/1

JK:jld:jf

2011 - 2012 LEGISLATURE

2011 Assembly BILL 519

February 2, 2012 - Introduced by Representative Radcliffe. Referred to Joint Survey Committee on Tax Exemptions. Referred to Committee on Ways and Means.

AB519,1,3 An Act to create 77.54 (60) of the statutes; relating to: a sales and use tax exemption for tangible personal property and taxable services sold in March 2012.

Analysis by the Legislative Reference Bureau

This bill creates an exemption to the state sales and use tax for tangible personal property and taxable services sold in March 2012.

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 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:

AB519, s. 1 Section 1. 77.54 (60) of the statutes is created to read:

AB519,2,2 77.54 (60) The sales price from the sale of and the storage, use, or other consumption of tangible personal property, items, property, and goods under s. 77.52 (1) (b), (c), and (d), and taxable services sold in March 2012. This subsection does not apply to the taxes imposed under subch. V.

AB519,2,3 (End)