LRB-2680/1
JS:kmg:jlb
1995 - 1996 LEGISLATURE
April 28, 1995 - Introduced by Representatives Wilder, Kreuser, Black, Plache,
Baldus, Robson, Grobschmidt, Ziegelbauer, Reynolds, Bell, Cullen,
Kreibich, Otte, Ott, Olsen, Springer, Bock, Meyer, Huber, La Fave, Plombon,
Gronemus, Dueholm, Hasenohrl and Grothman, cosponsored by Senators
Wineke, Chvala and Moen. Referred to Committee on Ways and Means.
AB346,1,2
1An Act to amend 77.61 (4) (c) of the statutes;
relating to: the retailer's discount
2for the sales tax and use tax.
Analysis by the Legislative Reference Bureau
Under current law, for reporting the sales tax and collecting and reporting the
use tax, retailers may retain 0.5% of the revenue. Under this bill, retailers may
retain 2.0% of the first $10,000 of revenue each year, 1.0% of the next $10,000 and
0.5% of the revenue in excess of $20,000.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB346, s. 1
3Section
1. 77.61 (4) (c) of the statutes is amended to read:
AB346,2,24
77.61
(4) (c) For reporting the sales tax and collecting and reporting the use tax
5imposed on the retailer under s. 77.53 (3) and the accounting connected with it,
6retailers may deduct
2.0% of the first $10,000 of sales and use tax payable each year,
71.0% of the 2nd $10,000 of sales and use tax payable each year and 0.5% of the sales
8and use tax
in excess of $20,000 payable as administration expenses if the payment
9of the taxes is not delinquent. For purposes of calculating the retailer's discount
10under this paragraph, the taxes on retail sales reported by retailers under subch. V,
1including taxes collected and remitted as required under s. 77.785, shall be included
2if the payment of those taxes is not delinquent.
AB346,2,5
4(1) This act first applies to taxes payable on returns filed for periods that end
5on January 1, 1996.
