Amendment ASA1-AB951

LRBs0515/1

JK:lmk&jld:rs

2005 - 2006 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2005 ASSEMBLY BILL 951

February 7, 2006 - Offered by Committee on Small Business.

AB951-ASA1,1,2 An Act to create 70.11 (27m) of the statutes; relating to: a property tax exemption for restaurant kitchen equipment.

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

AB951-ASA1, s. 1 Section 1. 70.11 (27m) of the statutes is created to read:

AB951-ASA1,1,4 70.11 (27m) Restaurant kitchen equipment. (a) In this subsection:

AB951-ASA1,1,5 1. "Machinery" has the meaning given in sub. (27) (a) 2.

AB951-ASA1,1,8 2. "Restaurant" includes pizza delivery establishments, snack bars, beverage bars, takeout food shops, and mobile food services, including mobile snack stands, mobile canteens, and ice cream vendors.

AB951-ASA1,1,12 (b) Machinery and equipment, including refrigerators and other storage equipment, used primarily in the operation of a restaurant's kitchen to prepare or serve food or beverages, regardless of whether the machinery or equipment is attached to real property.

AB951-ASA1, s. 2 Section 2. Initial applicability.

AB951-ASA1,2,2 (1) This act first applies to the property tax assessments as of January 1, 2006.

AB951-ASA1,2,3 (End)