2015-2016 Wisconsin Legislature

Senate Substitute Amendment 1 to Senate Bill 503

Relating to: a sales and use tax exemption for products sold in connection with real property construction activities; factors that determine whether a transaction has economic substance for income and franchise tax purposes; the imposition of penalties on a taxpayer for failing to produce records and documents; and participation by the Department of Revenue in the Multistate Tax Commission Audit Program.

Status: Adopted


Date / House Action Journal
1/27/2016 Sen.Senate Substitute Amendment 1 offered by Senator Marklein653
2/10/2016 Sen.Report adoption of Senate Substitute Amendment 1 recommended by Committee on Revenue, Financial Institutions, and Rural Issues, Ayes 3, Noes 2709
2/16/2016 Sen.Senate Substitute Amendment 1 adopted733
Content subject to change after proofing by Chief Clerk staff.