State of Wayfair: Money in Wisconsin Taxpayers’ Pockets

Wisconsin’s new remote seller law will cut $77 from the tax bills of low-income taxpayers, a state legislative agency estimates.

The state’s Legislative Fiscal Bureau released a report July 11 revealing new revenue estimates and income tax rate adjustments under Act 10.

The law, signed by Gov. Tony Evers (D) July 3, codifies tax collection duties for remote vendors and marketplace providers reflecting the legal reasoning and economic presence thresholds spelled out in the U.S. Supreme Court’s June 2018 South Dakota v. Wayfair. The groundbreaking decision tossed out the court’s 1992 physical presence standard affirmed in Quill Corp. ...