Withholding from lottery winnings.
(a)#
The administrator of the lottery division in the department under ch. 565 shall withhold from any lottery prize of $2,000 or more an amount determined by multiplying the amount of the prize by the highest rate applicable to the person who claims the prize. The administrator shall deposit the amounts withheld, on a monthly basis, as would an employer depositing under s. 71.65 (3) (a).
(b)#
The administrator shall furnish to each payee whose winnings are subject to withholding under par. (a) during the year, on or before January 31 of the succeeding year, 2 legible copies of a written statement showing the following: 1. The name of the payer and that payer’s Wisconsin income tax identification number, if any. 2. The name of the payee and that payee’s social security number, if any. 3. The gross amount of lottery prize winnings that are subject to withholding under par. (a). 4. The total amount deducted and withheld as required under par. (a).
(b)(1)#
The name of the payer and that payer’s Wisconsin income tax identification number, if any.
(b)(2)#
The name of the payee and that payee’s social security number, if any.
(b)(3)#
The gross amount of lottery prize winnings that are subject to withholding under par. (a).
(c)#
1. The payee shall furnish the department of revenue with one copy of the written statement he or she receives under par. (b) along with his or her income or franchise tax return for the year. 2. The administrator shall furnish the department of revenue with a copy of the statement that he or she furnishes to the payee under par. (b).
(c)(1)#
The payee shall furnish the department of revenue with one copy of the written statement he or she receives under par. (b) along with his or her income or franchise tax return for the year.
(c)(2)#
The administrator shall furnish the department of revenue with a copy of the statement that he or she furnishes to the payee under par. (b).