Current through August 26, 2024
(1) GENERAL. Except
as provided in sub. (5), a contributing grain dealer shall pay an annual fund
assessment for each license year. The annual fund assessment shall be
calculated under this section, rather than under s.
126.15(1),
Stats. Except as provided in sub. (4) or (5), the annual fund assessment shall
equal the sum of the assessments in subs. (2) and (3).
(2) BASIC ASSESSMENT.
(a) A contributing grain dealer who reports
less than $500,000 in grain payments under s.
126.11(9) (a), Stats., shall pay a basic assessment
equal to the greater of the following amounts:
1. $100.
2. If the fund balance attributable to grain
dealers is less than $6 million on May 31 of the last preceding license year,
then the sum of the amounts calculated under s.
126.15(1) (a) and (b), Stats.
(b) A contributing grain dealer who reports
at least $500,000 but less than $3 million in grain payments under s.
126.11(9) (a), Stats., shall pay a basic assessment
equal to the greater of the following amounts:
1. $200.
2. If the fund balance attributable to grain
dealers is less than $6 million on May 31 of the last preceding license year,
then the sum of the amounts calculated under s.
126.15(1) (a) and (b), Stats.
(c) A contributing grain dealer who reports
at least $3 million in grain payments under s.
126.11(9) (a), Stats., shall pay a basic assessment
equal to the greater of the following amounts:
1. $500.
2. If the fund balance attributable to grain
dealers is less than $6 million on May 31 of the last preceding license year,
then the sum of the amounts calculated under s.
126.15(1) (a) and (b), Stats.
(3) DEFERRED PAYMENT ASSESSMENT. A
contributing grain dealer shall pay a deferred payment assessment equal to the
amount the grain dealer reports under s.
126.11(9) (b), Stats., in the grain dealer's license
application for that license year multiplied by rates determined as follows:
(a) If the fund balance attributable to grain
dealers is greater than $6 million on May 31, the rate is 0.000875 for deferred
payment contracts entered into anytime during the following license
year.
(b) If the fund balance
attributable to grain dealers is not more than $6 million on May 31, the rate
is 0.0035 for deferred payment contracts entered into anytime during the
following license year.
(4) REDUCED ASSESSMENT. A contributing grain
dealer's annual fund assessment under sub. (1) is reduced by the following
applicable amounts:
(a) The amount calculated
under s.
126.15(6m),
Stats., if the contributing grain dealer files security under s.
126.16(1) (c), Stats.
(b) The amount of any refund that applies
under s.
ATCP 99.13. The refund shall be paid as a credit against
the contributing grain dealer's annual fund assessment for the next license
year, as provided in s.
ATCP 99.13(3).
(c) The amount of any assessment reduction
that applies under s.
ATCP 99.135.
(5) EXEMPTION. A contributing grain dealer is
not required to pay any fund assessment under this section for a license year,
other than a deferred payment assessment required under sub. (3), if all of the
following apply.
(a) The grain dealer was
classified as a contributing grain dealer in each of the 5 license years
immediately preceding that license year.
(b) The fund balance attributable to grain
dealers was at least $3 million on May 31 of the last preceding license
year.
(c) The overall fund balance
was at least $11 million on May 31 of the last preceding license
year.
