AB417-ASA1,1,55
25.40
(1) (a) 1. Net sales taxes as determined in s. 77.61 (4)
(b) or (c).
AB417-ASA1,2,38
77.61
(4) (c) For reporting the sales tax and collecting and reporting the use tax
9imposed on the retailer under s. 77.53 (3) and the accounting connected with it,
10retailers may deduct 0.5% of
the sales and use tax
those taxes payable
or $10 for that
11reporting period required under s. 77.58 (1), whichever is greater, but not more than
12the amount of the sales taxes or use taxes that is payable under ss. 77.52 (1) and 77.53
13(3) for that reporting period required under s. 77.58 (1), as administration expenses
14if the payment of the taxes is not delinquent. For purposes of calculating the
1retailer's discount under this paragraph, the taxes on retail sales reported by
2retailers under subch. V, including taxes collected and remitted as required under
3s. 77.785, shall be included if the payment of those taxes is not delinquent.
AB417-ASA1,2,6
5(1) This act first applies to taxes payable on returns filed for periods that end
6on January 1, 1997.