Wisconsin Exempts Materials Used to Fulfill Construction Contracts with 501(c)(2) Organizations

Monday, April 9th, 2018

 
 
Close up of bricks being laid at construction site.
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The Wisconsin Legislature recently enacted a bill that exempts construction materials used to fulfill real property contracts with 501(c)(2) organizations from sales and use tax. The exemption is retroactively effective from September 1, 2017.

501(c)(2) organizations are created for the exclusive purpose of holding title to property, collecting income from that property, and turning over the entire amount of that income, less expenses, to a nonprofit organization.

https://www.ttrus.com/Construction Contracts with 501(c)(2) Organizations


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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