LRB-1923/2
JK:jld:ph
2009 - 2010 LEGISLATURE
July 8, 2009 - Introduced by Representatives Murtha, Vos, Suder, Townsend,
Roth, Brooks, LeMahieu and Gunderson. Referred to Committee on Urban
and Local Affairs.
AB338,1,2
1An Act to renumber and amend 77.24; and
to create 77.24 (2) of the statutes;
2relating to: retaining the real estate transfer fee.
Analysis by the Legislative Reference Bureau
Under current law, generally, a person who conveys real property to another
person must pay a real estate transfer fee to the register of deeds for the county where
the property is located. The county retains 20 percent of the fees collected and
submits the remainder to the state. Under this bill, for a 12-month period, the
county retains 20 percent of the real estate transfer fees and transmits the
remainder to the person to whom the property is conveyed.
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:
AB338, s. 1
3Section
1. 77.24 of the statutes is renumbered 77.24 (1) and amended to read:
AB338,2,34
77.24
(1) Twenty Except as provided in sub. (2), 20 percent of all fees collected
5under this subchapter shall be retained by the county and the balance shall be
6transmitted to the state. Remittances shall be made monthly by the county
1treasurers to the department of revenue by the 15th day of the month following the
2close of the month in which the fee was collected. The remittance to the department
3shall be accompanied by the returns executed under s. 77.22.
AB338, s. 2
4Section
2. 77.24 (2) of the statutes is created to read:
AB338,2,85
77.24
(2) For the 12-month period beginning on the effective date of this
6subsection .... [LRB inserts date], the county shall retain 20 percent of each fee
7collected under this subchapter and transmit the remainder to the person to whom
8the property is conveyed.
AB338,2,1110
(1) This act takes effect on the first day of the 2nd month beginning after
11publication.
