Bill > AB543

This bill amends Wisconsin Statute 77.54(72) to expand the sales tax exemption for memberships sold to real estate brokers, meaning these memberships will no longer be subject to sales tax. Previously, the exemption applied to memberships that allowed brokers to access information about real estate listings and compensation offers from other brokers. This bill changes the wording to include memberships where a broker, as part of their agreement, offers to compensate or cooperate with other real estate brokers, or both, and gains access to listing information. The term "real estate broker" refers to a licensed professional who facilitates the buying and selling of property. This change aims to broaden the scope of the existing sales tax exemption for these professional memberships.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab543