Wisconsin's five-day sales tax holiday begins Wednesday

Wisconsin's five-day sales tax holiday begins Wednesday

Wisconsin's five-day sales tax holiday begins Wednesday

However, if the customer returns the item after the "sales tax holiday" and receives credit on the purchase of a different item, the sales or use tax will apply to the sale of the newly purchased item.

State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020. Iowa's annual sales-tax holiday will be held today and Saturday.

The sales tax holiday weekend in Florida runs August 3-5, 2018. The move is expected to cost the state almost $15 million in lost revenue.

Virginia and SC will hold theirs starting at 12:01 a.m. Friday, Aug. 3, and ending at 11:59 p.m. Sunday, Aug. 5.

The tax rate varies as each jurisdiction takes its share on top of the state's 5.129 percent.

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At Alpine Sports, downtown on Sandoval Street, owner Shirlee Cole said she was only vaguely aware of the tax holiday.

Republican Gov. Scott Walker signed a bill in April establishing the one-time sales tax holiday. "It's going pretty good", she said.

For more information, visit the Wisconsin Department of Revenue website here. On the other hand, it would have saved consumers the same amount.

Until this year, companies with large internet sales have been able to avoid collecting sales taxes in states where they do not have a large presence, giving them an advantage over brick-and-mortar stores in those states. Be prepared to pay tax on post-holiday exchanges.

State Sen. Rob McColley, R-Napoleon, expects Ohioans to save millions of dollars this year on back-to-school shopping.

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