Assembly Bill 69 proposes to amend the current sales and use tax exemption for electricity and natural gas sold for residential use in Wisconsin. Under existing law, this exemption is limited to the months of November through April. The bill seeks to remove this seasonal limitation, thereby exempting electricity and natural gas from sales and use tax for residential use at any time of the year.

The specific legal language being amended is found in section 77.54 (30) (a) 2., where the phrase "during the months of November, December, January, February, March, and April" is deleted. This change aims to provide year-round tax relief for residents on their utility bills, potentially easing financial burdens associated with energy costs. The bill is currently under consideration by the Committee on Ways and Means and may be subject to review by the Joint Survey Committee on Tax Exemptions due to its implications on state and local tax revenues.

Statutes affected:
Bill Text: 77.54(30)(a)2, 77.54