Gov. Walker Announces “Back to School” Sales Tax Holiday
Would be introduced into his 2017-19 biennial budget
Governor Scott Walker will visit Shopko Stores Operating Corporation in Green Bay, as well as Kohl’s in Menomonee Falls today to announce 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.
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 most common sales tax holidays are applied to school supplies, children’s products, and energy-efficient products and appliances.
The Department of Revenue (DOR) indicates the sales tax holiday proposal would have an estimated $11 million fiscal impact annually.