Amendment AA43-ASA1-SB55

LRBb1350/1

JK:jld:kjf

2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 43, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2001 SENATE BILL 55

June 29, 2001 - Offered by Representative Plouff.

SB55-ASA1-AA43,1,1 At the locations indicated, amend the substitute amendment as follows:

SB55-ASA1-AA43,1,2 1. Page 847, line 5: after that line insert:

SB55-ASA1-AA43,1,3 " Section 2246d. 77.54 (41) of the statutes is amended to read:

SB55-ASA1-AA43,1,11 77.54 (41) The gross receipts from the sale of building materials, supplies and equipment to; and the storage, use or other consumption of those kinds of property by; owners, contractors, subcontractors or builders if that property is acquired solely for or used solely in, the construction, renovation or development of property that would be exempt under s. 70.11 (36); or if that property is acquired solely for and used solely in the construction, renovation, or development of property, not including road construction, pursuant to a contract with any entity that is exempt under sub. (9a) from paying the taxes imposed under this subchapter.".

SB55-ASA1-AA43,1,12 2. Page 1404, line 2: after that line insert:

SB55-ASA1-AA43,2,2 "(6c) Building materials. The treatment of section 77.54 (41) of the statutes first applies to building materials purchased on the effective date of this subsection.".

SB55-ASA1-AA43,2,3 (End)