Amendment ASA1-AB354

LRBs0220/1

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1997 - 1998 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 1997 ASSEMBLY BILL 354

September 3, 1997 - Offered by Committee on Ways and Means.

AB354-ASA1,1,2 An Act to renumber and amend 563.80; and to create 563.80 (2) of the statutes; relating to: occupational taxes imposed on bingo receipts.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB354-ASA1, s. 1 Section 1. 563.80 of the statutes is renumbered 563.80 (intro.) and amended to read:

AB354-ASA1,1,7 563.80 Gross receipts tax. (intro.) An occupational tax is imposed on those gross receipts of any licensed organization which are derived from the conduct of bingo, in the amount of 2% of such gross receipts following amounts:

AB354-ASA1,1,9 (1) One percent of the first $30,000 in gross receipts received by a licensed organization during a year.

AB354-ASA1, s. 2 Section 2. 563.80 (2) of the statutes is created to read:

AB354-ASA1,1,12 563.80 (2) Two percent of the gross receipts received by a licensed organization during a year that exceed $30,000.

AB354-ASA1, s. 3 Section 3. Effective date.

AB354-ASA1,2,2 (1)  This act takes effect on the January 1 after publication.

AB354-ASA1,2,3 (End)