What is a sales tax holiday?A sales tax holiday is a temporary exemption period where sales of certain items are exempt from Wisconsin sales and use tax.
When is the sales tax holiday?The sales tax holiday will begin at 12:01 a.m. on Wednesday, August 1, 2018, and continue through 11:59 p.m. on Sunday, August 5, 2018. SeeQuestion #6 for information about different time zones.
What items are not taxable during the sales tax holiday?During the Sales Tax Holiday, purchases of these items are not taxable:
Clothing – sales price of each item must be $75 or less
Computer purchased by a consumer for their personal use – sales price of each computer must be $750 or less
School computer supplies purchased by the consumer for their personal use – sales price of each item must be $250 or less
School supplies – sales price of each item must be $75 or less
See the answer to Question #7 for a list of exempt items.
What items are still taxable during the sales tax holiday?During the sales tax holiday, the following items continue to be taxable:
Clothing accessories or equipment
School art supplies
School instructional materials
Sport or recreational equipment
See the answer to Question #8 for a list of taxable items.
A couple of decades ago when I lived in Texas, there was a sales tax holiday. It’s nice… you can save a few bucks on some specific items… but it’s a gimmick in lieu of an actual tax cut.
During appearances Wednesday in Green Bay and Milwaukee, Gov. Scott Walker will announce a sales tax holiday on school supplies that he will propose in his 2017-’19 budget bill in February. The proposal will need legislative approval, but Assembly Republicans were already set to push for a similar proposal in a separate event earlier scheduled for Wednesday.
That proposal would have decreased state tax revenues by $13.2 million a year and local government tax revenues by $952,000 a year. That would amount to a cut of just one-quarter of 1% of the $5.06 billion in sales tax revenues last year.
I remember when these became the rage across the South. As a consumer, it’s kind of nice to save a few bucks and many stores use the occasion to have promotions and such, but it’s gimmicky. I would prefer real tax reform, but I’ll take it.
After bumping to the end of the calendar a bill that would let local governments enact half-cent sales tax increases to pay for roadwork, GOP leaders now won’t say for sure if the legislation will get a vote.
Assembly Speaker Robin Vos would answer directly when Dems asked him f the bill would get a vote.
“I have every intention of really working hard to make that happen,” the Rochester Republican said.
Under the amended AB 210, local governments can enact the increase for four years if they get referendum approval. Rep. Dean Knudson, R-Hudson, is the bill author.
I’m glad to see that my representative is voting against this. All Republicans should. This bill would result in tax increases and is a rather naked attempt by the Republican leadership to find a way to increase taxes and transportation spending while disavowing responsibility for it.