LRB-3499/1
JK:wlj:rs
2001 - 2002 LEGISLATURE
September 10, 2001 - Introduced by Representatives Stone, Walker, Freese,
Gronemus, Petrowski, Huebsch, Musser, Lippert, Sykora, McCormick,
Urban, Staskunas, Plale and Vrakas, cosponsored by Senators Roessler and
Schultz. Referred to Committee on Transportation.
AB490,1,3
1An Act to create 20.855 (4) (fn) and 77.65 of the statutes;
relating to: the
2transfer of sales and use tax receipts to the transportation fund and making an
3appropriation.
Analysis by the Legislative Reference Bureau
Under this bill, on July 1, 2004, 10% of the amount of the sales tax and use tax
paid on the sale or use of motor vehicles and motor vehicle parts in the immediately
preceding calendar year is transferred to the transportation fund. On each July 1
thereafter, the amount of such taxes to be transferred to the transportation fund is
increased by 10% until on July 1, 2013, and on each July 1 thereafter, 100% of such
taxes are transferred to the transportation fund.
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:
AB490, s. 1
4Section
1. 20.855 (4) (fn) of the statutes is created to read:
AB490,2,25
20.855
(4) (fn)
Transfer to transportation fund; sales and use tax receipts related
6to motor vehicles. Beginning on July 1, 2004, and on each July 1 thereafter, to be
1transferred to the transportation fund, a sum sufficient in an amount equal to the
2amount to be paid into the transportation fund, as determined under s. 77.65.
AB490, s. 2
3Section
2. 77.65 of the statutes is created to read:
AB490,2,11
477.65 Determination of tax receipts related to motor vehicles.
5Beginning on July 1, 2004, and on each July 1 thereafter, the department of revenue
6shall determine the total amount of the taxes imposed under ss. 77.52 and 77.53 that
7is paid to the department of revenue and to the department of transportation in the
8immediately preceding calendar year on the sale or use of motor vehicles and motor
9vehicle parts. Annually on July 1, a percentage of the total amount determined
10under this section shall be transferred from s. 20.855 (4) (fn) to the transportation
11fund as follows:
AB490,2,1212
(1) On July 1, 2004, 10%.
AB490,2,1313
(2) On July 1, 2005, 20%.
AB490,2,1414
(3) On July 1, 2006, 30%.
AB490,2,1515
(4) On July 1, 2007, 40%.
AB490,2,1616
(5) On July 1, 2008, 50%.
AB490,2,1717
(6) On July 1, 2009, 60%.
AB490,2,1818
(7) On July 1, 2010, 70%.
AB490,2,1919
(8) On July 1, 2011, 80%.
AB490,2,2020
(9) On July 1, 2012, 90%.
AB490,2,2121
(10) On July 1, 2013, and on each July 1 thereafter, 100%.
