Tax 9.67(2)(2) Investigation. The department may investigate the financial stability of the applicant and may deny credit to any permittee when there is any question of ability to pay as required in this section. Tax 9.67(3)(3) Revocation of privilege. The privilege granted to any manufacturer or distributor of making cigarette tax stamp purchases on credit may be revoked at any time at the discretion of the department. Tax 9.67 HistoryHistory: Cr. Register, November, 1957, No. 23, eff. 12-1-57; am. Register, 68, eff. 9-1-61; am. Register, June, 1975, No. 234, eff. 7-1-75; emerg. r. and recr. eff. 9-1-93; r. and recr. Register, February, 1994, No. 458, eff. 3-1-94. Tax 9.68Tax 9.68 Ownership and name changes. Tax 9.68(1)(1) General. Under s. 139.34 (4), Stats., a cigarette permit is not transferable to another person. This section clarifies when a new cigarette permit is required, as the result of an ownership or name change, or both. Tax 9.68(2)(a)(a) When there is a change in ownership of a business, the new owner shall apply for a new permit using form CTP-129, except as provided in par. (c). The new owner shall notify the department not later than 10 days prior to the change. Tax 9.68 NoteNote: Form CTP-129 is available on the department’s web site at www.revenue.wi.gov. Tax 9.68(2)(b)(b) A new permit shall be obtained by using form CTP-129 when there is a change in ownership of a sole proprietorship, partnership, corporation or other form of ownership, except as provided in par. (c). Tax 9.68 NoteExamples. A new permit is required if: 1) A sole proprietorship or partnership incorporates.
Tax 9.68 Note2) A sole proprietorship is sold to a different sole proprietor.
Tax 9.68 Note3) A sole proprietorship becomes a partnership.
Tax 9.68 Note4) A partner in a partnership leaves the partnership or a partner is added to the partnership.
Tax 9.68 Note5) The federal employer identification number of a business changes.
Tax 9.68(2)(c)(c) A new permit is not required for a change in the ownership of a corporation unless either of the following occurs: Tax 9.68(2)(c)1.1. A corporation is merged with another corporation, the merged corporation ceases to exist, and the surviving corporation does not have a valid permit. Tax 9.68(2)(c)2.2. The federal employer identification number of a corporation changes. Tax 9.68(3)(a)(a) A permittee shall notify the department of a name change at least 10 days prior to the change and the permittee shall retain the same permit number. Tax 9.68(3)(b)(b) A rider, verifying the name change, such as one filed by a permittee’s insurance company at the request of the permittee, shall be submitted and attached to the security documents on file with the department. If no security is on file, or if a rider is not filed with the department, new security shall be deposited under the new name as required, and any old security shall be returned to the permittee. Tax 9.68 HistoryHistory: Cr. Register, September, 1991, No. 429, eff. 10-1-91; am. (2) (b) and (3) (b), Register, August, 1996, No. 488, eff. 9-1-96. Tax 9.69Tax 9.69 Master settlement agreement with tobacco product manufacturers. Tax 9.69(1)(1) Purpose. This section describes requirements and methods relating to collecting, maintaining and reporting data regarding the number of Wisconsin state cigarette excise tax stamps affixed to packages of cigarettes, and the amount of “roll-your-own” cigarette tobacco, sold in Wisconsin each year. Tax 9.69 NoteNote: The data collected, maintained and reported under this section shall be used to ascertain the amount of Wisconsin excise tax paid on the cigarettes of each tobacco product manufacturer that elects to place funds in a qualified escrow fund under s. 995.10, Stats., for each year, or, if the department deems it appropriate, is a participating manufacturer under the master settlement agreement between the state and tobacco product manufacturers, pursuant to 1999 Wis. Act 122.