By Payroll and Entitlements Editorial Staff
Wisconsin has enacted legislation that will reduce the personal income tax rates of the first and second tax brackets, starting with the 2019 and 2020 tax years. The rate reductions will be calculated based on estimates of the increased sales and use tax collections from remote sellers and marketplace providers.
Additional rate reduction for second bracket. Wisconsin also enacted a separate law that lowers the rate for the second bracket from 5.84% to 5.21% beginning in tax year 2019. (A.B. 56 and A.B. 251, Laws 2019, applicable as noted; Press Release, Wisconsin Governor’s Office, July 3, 2019; Summary, Wisconsin Legislative Fiscal Bureau, June 20, 2019.)
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