LRB-4970/1
JS:jlg:hmh
1997 - 1998 LEGISLATURE
March 16, 1998 - Introduced by Representatives Gunderson, Olsen, Ziegelbauer,
Dobyns, F. Lasee, Kelso, Wasserman, Walker, Porter, Grothman, Hutchison,
Turner, Ward, Lorge, Otte, Ladwig, Musser, Gronemus, Lazich, Kreibich,
Skindrud and Schafer, cosponsored by Senator Darling. Referred to
Committee on Ways and Means.
AB909,1,2
1An Act to amend 77.52 (1), 77.52 (2) (intro.) and 77.53 (1) of the statutes;
2relating to: lowering the rate for the sales tax and the use tax.
Analysis by the Legislative Reference Bureau
This bill lowers the rate for the sales tax and the use tax from 5% to 4.75%.
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:
AB909, s. 1
3Section
1. 77.52 (1) of the statutes is amended to read:
AB909,1,94
77.52
(1) For the privilege of selling, leasing or renting tangible personal
5property, including accessories, components, attachments, parts, supplies and
6materials, at retail a tax is imposed upon all retailers at the rate of
5% 4.75% of the
7gross receipts from the sale, lease or rental of tangible personal property, including
8accessories, components, attachments, parts, supplies and materials, sold, leased or
9rented at retail in this state.
AB909, s. 2
1Section
2. 77.52 (2) (intro.) of the statutes is amended to read:
AB909,2,62
77.52
(2) (intro.) For the privilege of selling, performing or furnishing the
3services described under par. (a) at retail in this state to consumers or users, a tax
4is imposed upon all persons selling, performing or furnishing the services at the rate
5of
5% 4.75% of the gross receipts from the sale, performance or furnishing of the
6services.
AB909, s. 3
7Section
3. 77.53 (1) of the statutes is amended to read:
AB909,2,168
77.53
(1) Except as provided in sub. (1m), an excise tax is levied and imposed
9on the use or consumption in this state of taxable services under s. 77.52 purchased
10from any retailer, at the rate of
5% 4.75% of the sales price of those services; on the
11storage, use or other consumption in this state of tangible personal property
12purchased from any retailer, at the rate of
5% 4.75% of the sales price of that
13property; and on the storage, use or other consumption of tangible personal property
14manufactured, processed or otherwise altered, in or outside this state, by the person
15who stores, uses or consumes it, from material purchased from any retailer, at the
16rate of
5% 4.75% of the sales price of that material.
AB909,2,1918
(1)
This act takes effect on the first day of the 2nd month beginning after
19publication.
