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Sales Tax Holiday

Shoppers may soon be able to buy items tax free in Wisconsin.
GREEN BAY, Wisc. (WFRV) Shoppers may soon be able to buy items tax-free in Wisconsin.

Lawmakers are looking for 4 days throughout the year when certain items would be exempt from the sales tax and the use tax. Shoppers would cash in on the deal for two days in August (the first Saturday and Sunday), then again in November (the first Saturday and Sunday).

According to the proposal, the following would be exempt from tax:
  • An item of clothing, not including clothing accessories, if the sales price of any single item is no more than $75
  • A computer purchased by the consumer for the consumer's personal use, if the sales price of the computer is no more than $2,000
  • School computer supplies, if the sales price of any single item is not more than $250
  • School instructional materials, if the sales price of any single item is not more than $300
  • School supplies, if the sales price of any single item is no more than $75
However, the Department of Revenue could stop the tax-free holiday by May 1 of each year if it the agency determines that "the state's financial situation would make implementation of the exemptions imprudent".   

The Committee on Small Business Development will hold a public hearing on the bill later this afternoon in Madison.
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