Wisconsin Statutes 563.80 – Gross receipts tax
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 563.80
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Bingo: as used in this chapter shall not mean any game using free cards and donated prizes, if any, for which no payment of consideration is made by participants. See Wisconsin Statutes 563.03
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Gross receipts: means total receipts received from the conduct of bingo including, but not limited to, receipts from the sale, rental or use of regular bingo cards, extra regular cards, special bingo cards and bingo supplies. See Wisconsin Statutes 563.03
- Licensed organization: means an organization licensed under this chapter to conduct bingo. See Wisconsin Statutes 563.03
- Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01
(1) An occupational tax is imposed on those gross receipts of any licensed organization which are derived from the conduct of bingo, in the following amounts:
(a) One percent of the first $30,000 in gross receipts received by a licensed organization during a year.
(b) Two percent of the gross receipts received by a licensed organization during a year that exceed $30,000.
(2m) All moneys received under sub. (1) shall be credited to the appropriation account under s. 20.505 (8) (jn).