Sunday , 11 December 2016

LEGISLATURE PASSES BILL EXEMPTING PURCHASE OF CONSTRUCTION MATERIALS FOR MUNICIPAL PROJECTS FROM SALES TAX

Following earlier passage by the Senate (SB 227), the Assembly passed AB 313 on Monday. Under this bill, the sale of tangible personal property that becomes a component of a facility in this state that is owned by a county, municipality, school district, or nonprofit organization is exempt from the sales tax and the use tax. The bill now goes to the Governor for his signature. Governor Walker has previously indicated his support for this legislation. Once it is signed, the law will be effective for construction material contracts that are signed in 2016. http://docs.legis.wisconsin.gov/2015/related/proposals/ab313

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