MADISON, Wis. (AP) — The state Senate has approved a bill that would require online vendors like Amazon to collect and remit sales taxes from third-party sellers in perpetuity, a move that would trigger income tax cuts.
Under the bill , revenue from the taxes would cover reductions in the two lowest income tax brackets. Taxpayers could expect an average reduction of $27 for 2019 and $59 for 2020.
The Senate approved the bill unanimously Wednesday. The Assembly passed it last week. The measure goes next to Gov. Tony Evers. His spokeswoman didn’t immediately respond to an email asking if he supports the bill.
Coupled with an income tax cut plan Republicans inserted in the state budget, taxpayers could expect a total annual reduction of $91 in 2019 and $124 in 2020.
Author: News Desk
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