§ 50-31. Tax imposed

Pursuant to Wis. Stats. § 77.70, there is hereby imposed upon all retailers a sales and use tax at the rate of 0.5 percent of the gross receipts from the sale, lease or rental of personal property, as set forth in Wis. Stats. § 77.71. Such sales and use taxes shall be imposed in their entirety according to the requirements of Wis. Stats. ch. 77, subch. V (Wis. Stats. § 77.70 et seq.).

(Code 1990, § 3.02)