Sales Tax Holiday Is Expected to Save Taxpayers $14.8 Million
APPLETON – Governor Scott Walker today joined families at Fleet Farm in Appleton for the kickoff of the Back-to-School Sales Tax Holiday. The Sales Tax Holiday is expected to save Wisconsinites a total of $14.8 million over the next five days by removing the sales tax on school supplies, clothing, computers, and computer supplies from August 1-5, 2018.
“When we have a surplus, those dollars should be returned to the hardworking taxpayers,” said Governor Walker. “We want every Wisconsinite to participate in the Back-to-School Sales Tax Holiday to have surplus dollars put back in their pockets. This money can help parents buy school supplies, families invest in new computer equipment, college kids purchase a new laptop, or a recent college grad buy clothes for their new job. Eliminating sales tax on school-related purchases is just another way we are helping reduce the overall tax burden for all Wisconsinites.”
State and local sales tax will not be charged during the Sales Tax Holiday on school supplies where each item is $75 or less, clothing where each item is $75 or less, computers where each item is $750 or less, and computer supplies where each item is $250 or less.
This additional tax relief is a result of Wisconsin’s larger than expected budget surplus. Governor Walker wants to return this money to the hardworking taxpayers, so they can spend it on what is important to them. Since 2011, Governor Walker has cumulatively cut more than $8 billion in taxes.