15 Jul Recent tax law changes: Widespread effect on sales/use, income/franchise, and property taxes
Just recently, Wisconsin passed its biennial budget bill, 2009 Wisconsin Act 28. This followed another significant piece of legislation, the budget repair and economic stimulus bill (2009 Wisconsin Act 2), passed just a few months ago.
While changes to Wisconsin tax law may not be surprising, what is particularly striking is the wide breadth of these recent legislative changes, affecting the areas of:
• Sales/use tax;
• Income/franchise tax; and
• Property tax
As a result, it is anticipated that these recent tax law changes will have widespread effect.
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