The Department of Revenue (DOR) is soliciting comments concerning the economic effect of a
proposed administrative rule. The rule revises
Section Tax 3.095, relating to interest and dividend income received from exempt and taxable securities. Certain references to the Internal Revenue Code are obsolete and there are additional exempt and non-exempt securities to be added.
Comments concerning the economic effect of the proposed rule on specific businesses, business sectors, public utility ratepayers, local governmental units, and Wisconsin's economy as a whole will be taken into consideration in the preparation of the Economic Impact Analysis (EIA) required by statute (sec. 227.137, Wis. Stats. (2017-18)). Local governmental units interested in working with DOR to prepare the EIA may submit a request to do so by using the link for comments below.
To submit comments on the rule, click here. Comments must be submitted by Monday, June 24.
June 10, 2019