The Wisconsin Department of Revenue (DOR) published a tax bulletin announcing several new tax laws effective for 2025 and later years. Key changes include expanding the second individual income tax bracket, creating a new retirement income subtraction, increasing the adoption expenses subtraction, establishing film production tax credits, exempting residential utility sales from sales tax year-round, and creating a sales tax exemption for certain information products used by insurance companies. [Wisc. Dep’t of Revenue, Tax Bulletin No. 230, 07/01/25]
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