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In the United States, a local option sales tax (often abbreviated LOST) is a special-purpose tax implemented and levied at the city or county level. A local option sales tax is often used as a means of raising funds for specific local or area projects, such as improving area streets and roads, or refurbishing a community's downtown area.
Sales taxes, including those imposed by local governments, are generally administered at the state level. States imposing sales tax either impose the tax on retail sellers, such as with Transaction Privilege Tax in Arizona, [3] or impose it on retail buyers and require sellers to collect it. In either case, the seller files returns and remits ...
What is the current sales tax in Milwaukee County? For now, the sales tax in Milwaukee County remains the same at 5.5%, which includes the statewide sales tax (5%) and the county's current sales ...
With higher taxes, more consumers are starting to reconsider where they shop, [22] according to a study conducted in Minnesota and Wisconsin, [23] where the sales tax was raised on cigarettes. Effects of higher sales tax were not shown immediately in sales, but about six months after the taxes were raised. [23]
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Cities and counties would be allowed to enact a one-cent special purpose, local option sales tax for property tax relief. The bill, which takes effect Jan. 1, was lauded by some as a way to keep ...
The first Wisconsin Tax Commission was a short-term study of existing tax policy. Kennan, along with former congressman Burr W. Jones and attorney George Curtis, Jr., were charged with producing a report by the end of 1898. The report laid out the inequities of the current system, substantiating the concerns of the farmers that other non ...
It financed its activities through the sale of bonds, which were repaid from funds generated by a 0.1% sales and use tax on goods valued at over $10.00 sold in the district. The tax was in effect in the counties of Milwaukee , Ozaukee , Racine , Washington and Waukesha [ 10 ] from 1996 to 2020.
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