On Mar. 22, WIS LEG passed bill giving sales and use tax exemption.
WIS LEG enacted SB 351 to create a sales and use tax exemption for the sale to a real estate broker of certain memberships; amend WIS LEG 77.52(13), WIS LEG 77.53(10)
In addition, the bill would create a new subsection 71 of WIS LEG 77.54(71).
Subject agreements are those membership agreements for compensation and cooperation with other brokers in brokering sales and sharing compensation.
Legislative History
On Jun. 29, 2023, bill introduced in Senate; on Feb. 13, 2024, bill passed Senate.
On Feb. 13, bill introduced in Assembly; on Feb. 13, 2024, bill passed Assembly.
On Mar. 22, 2024, governor approved SB 351 designated as WIS LEG Act 141.
Effectiveness
Effect on first day of 3rd month beginning after publication. Jun. 1, 2024.
