MADISON -- Gov. Scott Walker plans to announce on Wednesday, September 7th the inclusion of a “Back to School” sales tax holiday in his 2017-19 biennial budget.
The sales tax holiday would last two days beginning on the first Saturday of August 2017 and would include school supplies, computers costing less than $750, and clothing items costing less than $75 each.
In a news release, the governor made the following statement:
Sales tax holidays temporarily exempt or lower state and local sales taxes for certain products and are utilized by state and local governments to encourage certain types of consumer activity. The Department of Revenue (DOR) indicates the sales tax holiday proposal would have an estimated $11 million fiscal impact annually.
The sales tax holiday included in the 2017-19 biennial budget will be in effect for two years, then automatically sunset. This allows the governor, legislature, and the public to determine if the tax credit was effective.