On July 10, Gov. Tony Evers signed Senate Bill 54, now 2019 Wisconsin Act 15, authored by Rep. Amy Loudenbeck (R-Clinton) and Sen. Dale Kooyenga, CPA (R- Brookfield).
Act 15 makes common sense changes to allow the Department of Revenue (DOR) to disclose tax liability to a person who is looking to purchase a business or purchase inventory from a business.
“Whenever we have an opportunity to simplify our tax laws, we must take advantage. The bill signed today promotes transparency and accountability between sellers and purchasers, while enhancing protections for small business owners,” said Sen. Kooyenga.