AB948: Bill Text

LRB-4207/3

CTS:lmk&jld:rs

2005 - 2006 LEGISLATURE

2005 Assembly BILL 948

January 30, 2006 - Introduced by Representatives Nelson, Zepnick, Pocan, Albers, Travis, Parisi, Musser, Young, Seidel and Grigsby, cosponsored by Senators Erpenbach and Coggs. Referred to Committee on Judiciary.

AB948,1,2 An Act to create 100.179 of the statutes; relating to: regulating certain rebate and refund offers.

Analysis by the Legislative Reference Bureau

This bill prohibits a retailer from offering a refund or rebate to a buyer in this state, unless the retailer allows the buyer 30 days after purchasing the goods to satisfy the conditions of the retailer's offer and ensures that the buyer receives the refund or rebate within 30 days after satisfying the conditions.

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

AB948, s. 1 Section 1. 100.179 of the statutes is created to read:

AB948,1,6 100.179 Rebate and refund offers by retailers. No retailer may offer to refund or rebate to a buyer in this state all or a portion of the sale price of goods unless all of the following apply:

AB948,1,9 (1) The retailer allows the buyer not less than 30 days from the date on which the buyer purchases the goods from the retailer to satisfy the conditions of the retailer's offer.

AB948,2,2 (2) The retailer ensures that the buyer receives the refund or rebate within 30 days after the buyer satisfies the conditions of the retailer's offer.

AB948, s. 2 Section 2. Effective date.

AB948,2,5 (1) This act takes effect on the first day of the 6th month beginning after the effective date of this subsection.

AB948, s. 3 Section 3. Initial applicability.

AB948,2,8 (1) This act first applies to sales of goods occurring on the effective date of this subsection.

AB948,2,9 (End)