LRB-4003/1
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2007 - 2008 LEGISLATURE
March 12, 2008 - Introduced by Senator Grothman, cosponsored by
Representative Strachota. Referred to Committee on Tax Fairness and
Family Prosperity.
SB569,1,2
1An Act to create 71.26 (1) (an) of the statutes;
relating to: an income and
2franchise tax exemption for income derived from manufacturing.
Analysis by the Legislative Reference Bureau
This bill exempts income derived from manufacturing from the income and
franchise tax.
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 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:
SB569, s. 1
3Section
1. 71.26 (1) (an) of the statutes is created to read:
SB569,1,54
71.26
(1) (an)
Manufacturers. Income derived from an activity classified as
5manufacturing under s. 70.995.
SB569,2,1
1(1) This act first applies to taxable years beginning on January 1, 2009.
