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Wisconsin Administrative Code (Last Updated: January 10, 2017) |
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Agency Tax. Department of Revenue |
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Chapter 9. Cigarette Tax |
Section 9.68. Ownership and name changes.
Latest version.
- (1) General. Under s. 139.34 (4) , Stats., a cigarette permit is not transferable to another person. This section clarifies when a new cigarette permit is required, as the result of an ownership or name change, or both.(2) Ownership change.(a) When there is a change in ownership of a business, the new owner shall apply for a new permit using form CTP-129, except as provided in par. (c) . The new owner shall notify the department not later than 10 days prior to the change.(b) A new permit shall be obtained by using form CTP-129 when there is a change in ownership of a sole proprietorship, partnership, corporation or other form of ownership, except as provided in par. (c) .(c) A new permit is not required for a change in the ownership of a corporation unless either of the following occurs:1. A corporation is merged with another corporation, the merged corporation ceases to exist, and the surviving corporation does not have a valid permit.2. The federal employer identification number of a corporation changes.(3) Name change.(a) A permittee shall notify the department of a name change at least 10 days prior to the change and the permittee shall retain the same permit number.(b) A rider, verifying the name change, such as one filed by a permittee's insurance company at the request of the permittee, shall be submitted and attached to the security documents on file with the department. If no security is on file, or if a rider is not filed with the department, new security shall be deposited under the new name as required, and any old security shall be returned to the permittee.
History:
Cr.
Register, September, 1991, No. 429
, eff. 10-1-91; am. (2) (b) and (3) (b),
Register, August, 1996, No. 488
, eff. 9-1-96.
Note
Form CTP-129 is available on the department's web site at
www.revenue.wi.gov
.
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Examples.
A new permit is required if: 1) A sole proprietorship or partnership incorporates.
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2) A sole proprietorship is sold to a different sole proprietor.
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3) A sole proprietorship becomes a partnership.
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4) A partner in a partnership leaves the partnership or a partner is added to the partnership.
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5) The federal employer identification number of a business changes.
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Section
Tax 9.68
interprets s.
139.34 (4)
, Stats.
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