MADISON, Wis. (AP) — The state Assembly is set to approve a bill that would require online vendors like Amazon to collect and remit sales taxes from third-party sellers in perpetuity.
Under the bill, revenue from the tax collections would be used to cover reductions in the lowest- and second-lowest income tax brackets. According to the Legislative Fiscal Bureau, taxpayers could expect an average reduction of $27 for tax year 2019 and an average reduction of $59 in tax year 2020 under the new rates.
The Assembly is scheduled to vote on the bill Thursday afternoon. Approval would send the proposal to the state Senate.
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This story has been updated to correct that the bill would reduce the bottom two tax brackets and correct the average reductions.
