MADISON - Governor Scott Walker released the following statement today after the Assembly approved a $100 per child sales tax rebate and a sales tax holiday in August 2018.
“Our reforms and our growing economy have led to a stronger than expected budget surplus, and we want to return it to the people who made it possible: the hardworking taxpayers of Wisconsin,” Governor Walker said. “Thanks to the Assembly for approving this tax relief, which is an important part of our Ambitious Agenda for 2018. I look forward to seeing a vote on this in the Senate very soon. We are getting positive things done for the people of Wisconsin.”
Under the legislation, families across Wisconsin would receive $100 for every child living at home under 18 through a check in the mail this year. When parents make the claim with the state online, they would also have the option to donate the amount to charitable causes, which are currently part of the state tax check-off program, or allow the amount to remain in the state treasury.
The legislation also sets a new sales tax holiday for August 4-5, 2018. Consumers would be exempt from paying state sales tax on all retail “off the shelf” items up to $100. The exemption would not apply to the sale of taxable services, prepared food, motor vehicles, motor vehicle parts, tangible or intangible property used to access telecommunications services, tangible or intangible property provided by a utility, or alcohol and tobacco products. Businesses would have the option to opt-out of the sales tax holiday.