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LRB-3907/2
KRP&JK:klm
2015 - 2016 LEGISLATURE
January 4, 2016 - Introduced by Representatives Bernier, August, Jarchow,
Gannon, Sanfelippo, Horlacher, Kremer, Ballweg, E. Brooks, Knodl, T.
Larson
, Murphy and Skowronski, cosponsored by Senators Petrowski,
Wanggaard, Olsen, Ringhand, Stroebel and Marklein. Referred to
Committee on Ways and Means. Referred to Joint Survey Committee on Tax
Exemptions.
AB629,1,3 1An Act to amend 77.51 (12m) (a) 2. and 77.51 (15b) (a) 2.; and to create 77.51
2(12m) (b) 3s. and 77.51 (15b) (b) 3s. of the statutes; relating to: a sales and use
3tax exemption for federal excise tax imposed on a sale of a heavy truck or trailer.
Analysis by the Legislative Reference Bureau
This bill creates an exemption from the state sales and use tax for any federal
excise tax imposed on a seller of a heavy truck or trailer sold at retail.
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:
AB629,1 4Section 1. 77.51 (12m) (a) 2. of the statutes is amended to read:
AB629,1,75 77.51 (12m) (a) 2. The cost of materials used, labor or service cost, interest,
6losses, all costs of transportation to the seller, all taxes imposed on the seller, except
7as provided in par. (b) 3m. and 3s., and any other expense of the seller.
AB629,2
1Section 2. 77.51 (12m) (b) 3s. of the statutes is created to read:
AB629,2,52 77.51 (12m) (b) 3s. The federal tax imposed on the seller in a retail sale of a
3heavy truck or trailer under section 4051 of the Internal Revenue Code that is
4separately stated on the invoice, bill of sale, or similar document that the seller gives
5to the purchaser.
AB629,3 6Section 3. 77.51 (15b) (a) 2. of the statutes is amended to read:
AB629,2,97 77.51 (15b) (a) 2. The cost of materials used, labor or service cost, interest,
8losses, all costs of transportation to the seller, all taxes imposed on the seller, except
9as provided in par. (b) 3m. and 3s., and any other expense of the seller.
AB629,4 10Section 4. 77.51 (15b) (b) 3s. of the statutes is created to read:
AB629,2,1411 77.51 (15b) (b) 3s. The federal tax imposed on the seller in a retail sale of a
12heavy truck or trailer under section 4051 of the Internal Revenue Code that is
13separately stated on the invoice, bill of sale, or similar document that the seller gives
14to the purchaser.
AB629,5 15Section 5. Initial applicability.
AB629,2,1716 (1) This act first applies to sales completed on the effective date of this
17subsection.
AB629,6 18Section 6. Effective date.
AB629,2,1919 (1) This act takes effect retroactively to September 1, 2014.
AB629,2,2020 (End)
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