Recently, Wisconsin Senate Bill 22 (SB 22) moved forward to the Committee on Utilities and Technology. Specifically, the bill sets forth an exemption from sales and use tax for electricity and natural gas sold for residential use, regardless of when it is sold.
Under current law, electricity and natural gas sold during the months of November, December, January, February, March and April for residential use is exempt from the state’s sales and use tax.
“More often than not, formal communication is the preferred method of communication as it eliminates any room for interpretation.”
OF NOTE
If passed, the Act would take effect on the “first day of the 2nd month beginning after publication.” It should be noted, the broadening of this exemption related to the timing or purchases would be in addition to other exemptions for electricity and natural gas for which manufacturers and resellers may be eligible.
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