Increase in Retailer's Discount Deduction:
As a part of the State Budget passed earlier this year, you will get to retain more of the sales tax funds that you collect to offset the administrative expenses. For taxes payable on or after October 1, 2023, the retailer's discount on the total sales tax amount increased from 0.5 percent to 0.75 percent, and the limit of a retailer's discount that may be deducted on a sales and use tax return increased from $1,000 to $8,000 per reporting period. See Wisconsin Tax Bulletin 222 (July 2023) for additional information. Your membership with WHLA helped make this savings possible - thank you!
Milwaukee City & County Tax Changes:
New Sales & Use Tax rates will be in effect as follows as of January 1, 2024:
For more information, see Fact Sheet 2414.
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