AB 703

This bill provides a sales and use tax exemption for tangible personal property

sold to a construction contractor who transfers the property to the University of

Wisconsin Hospitals and Clinics Authority as part of constructing a facility for the

authority in this state. A similar exemption applies under current law to property

sold to a contractor who transfers the property to a local unit of government,

technical college district, or institution or campus of the University of Wisconsin

System. Under current law, a sale of tangible personal property directly to the

University of Wisconsin Hospitals and Clinics Authority is exempt from the sales

and use tax, but the exemption does not apply to a contractor who purchases tangible

personal property on the authority's behalf.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.