LRB-1885/1
JK:jld:rs
2007 - 2008 LEGISLATURE
March 19, 2007 - Introduced by Representatives Musser, Bies, Petrowski, Turner,
Boyle, Gronemus, Albers, Owens, Hahn, Van Roy, Hines, Petersen,
Gunderson, Sinicki and
Nerison, cosponsored by Senators Breske, Leibham,
Lazich, A. Lasee, Olsen, Lehman, Darling, Grothman and S. Fitzgerald.
Referred to Committee on Veterans and Military Affairs. Referred to Joint
Survey Committee on Tax Exemptions.
AB202,1,3
1An Act to create 77.54 (48) of the statutes;
relating to: creating a sales tax and
2use tax exemption for tangible personal property and services sold by home
3exchange services.
Analysis by the Legislative Reference Bureau
This bill creates a sales tax and use tax exemption for the sale of personal
property and taxable services sold by a home exchange service that is owned by the
Department of Veterans Affairs.
Because this bill relates to an exemption from state or local taxes, it may be
referred to the Joint Survey Committee on Tax Exemptions for a report to be printed
as an appendix to the bill.
For further information see the state and local 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:
AB202, s. 1
4Section
1. 77.54 (50) of the statutes is created to read:
AB202,1,75
77.54
(50) The gross receipts from the sale of and the storage, use, or other
6consumption of tangible personal property and taxable services sold by a home
7exchange service that is owned by the department of veterans affairs.
AB202,2,32
(1)
This act takes effect on first day of the 2nd month beginning after
3publication.
