AB637: Bill Text

LRB-4150/1

MES&JK:cmh&kg:kjf

1999 - 2000 LEGISLATURE

1999 Assembly BILL 637

January 11, 2000 - Introduced by Representatives Pettis, Kelso, Hundertmark, Jensen and Gard. Referred to Joint survey committee on Tax Exemptions.

AB637,1,2 An Act to create 71.05 (1) (d) of the statutes; relating to: exempting from taxation a tax rebate for individuals.

Analysis by the Legislative Reference Bureau

This bill exempts from income taxation a onetime sales tax rebate for individuals.

This bill will be referred to the joint survey committee on tax exemptions for a detailed analysis, which will be printed as an appendix to this bill.

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:

AB637, s. 1 Section 1. 71.05 (1) (d) of the statutes is created to read:

AB637,1,5 71.05 (1) (d) Onetime sales tax rebate. Any amount received as a taxpayer rebate from a claim approved under s. 77.64.

AB637,1,6 (End)