Wisconsin Senate approves online tax bill, income tax cuts

Local News

MADISON, Wis. (AP) — The state Senate has approved a bill that would require online vendors like Amazon to collect and remit sales taxes from third-party sellers in perpetuity, a move that would trigger income tax cuts.

Under the bill , revenue from the taxes would cover reductions in the two lowest income tax brackets. Taxpayers could expect an average reduction of $27 for 2019 and $59 for 2020.

The Senate approved the bill unanimously Wednesday. The Assembly passed it last week. The measure goes next to Gov. Tony Evers. His spokeswoman didn’t immediately respond to an email asking if he supports the bill.

Coupled with an income tax cut plan Republicans inserted in the state budget, taxpayers could expect a total annual reduction of $91 in 2019 and $124 in 2020.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Don't Miss

More Don't Miss

Coronavirus News

More Coronavirus

Trending Stories

Your Local Election HQ

More Election

Local Sports

Oshkosh North and Oshkosh West request to leave FVA in football

Kimberly girls outlast Hortonville, Wrightstown boys hold on against Brillion

Green Bay Nation 11/25: What happened against the Colts?

Green Bay Nation 11/25: Pick Em

Green Bay Nation 11/25: Challenge or No Challenge

Green Bay Nation 11/25: Top Five Tweets