As of Wednesday, August 1, customers from Wisconsin will receive a five-day sales tax holiday. During this time, they will not be charged state and local sales taxes on various items such as clothing, computers and school supplies.
"Because of sound financial management and a strong economy, the state had a budget surplus of nearly $ 400 million," said Department of Revenue Secretary Richard Chandler. "Governor Walker and the Wisconsin State Legislature have stated that part of this surplus should be returned to taxpayers in the form of a VAT tax holiday."
During sales tax holidays, purchases of these items are not taxable:
Computer purchased by a consumer for its personal use – The retail price of each computer must be $ 750 or less
Consumer for their personal use – The retail price for each item must be $ 250 or less
School Supplies – The retail price for each item must be $ 75 or less
Many other articles are also included. A full list can be found at www.revenue.wi.gov/taxholiday
VAT holiday is particularly beneficial for families who make purchases at the school, but all taxpayers can make purchases of favored items without paying any sales tax