LRB-2159/1
JK:jld:rs
2007 - 2008 LEGISLATURE
July 3, 2007 - Introduced by Representatives Jorgensen, Black, Sheridan,
Staskunas, Zepnick, Turner, Hraychuck, Parisi, Sinicki, Berceau, Nelson,
Albers, Gunderson, J. Ott, A. Williams and Vukmir, cosponsored by Senators
Carpenter, Olsen, Darling and Roessler. Referred to Committee on Ways
and Means.
AB430,1,2
1An Act to create 77.54 (14v) of the statutes;
relating to: a sales tax and use tax
2exemption for nonprescription drugs.
Analysis by the Legislative Reference Bureau
This bill creates a sales tax and use tax exemption for nonprescription drugs.
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:
AB430, s. 1
3Section
1. 77.54 (14v) of the statutes is created to read:
AB430,1,74
77.54
(14v) The gross receipts from the sale of and the storage, use, or other
5consumption of drugs that may be sold without a prescription and that are for human
6consumption only, prepackaged for use by consumers, and labeled in accordance with
7the requirements of state and federal law.
AB430,2,32
(1)
Nonprescription drugs. This act takes effect on the first day of the 2nd
3month beginning after publication.
