WI SB695

Counties may impose their existing 0.5% sales tax at variable rates of 0.1%, 0.2%, 0.3%, 0.4%, or 0.5% for property tax relief, and may impose an additional sales tax at those same rates for any purpose designated by the county board

Municipalities may impose a new sales and use tax at rates of 0.1%, 0.2%, 0.3%, 0.4%, or 0.5% on tangible personal property and taxable services, with revenue usable for any purpose designated by the governing body

Tax ordinances must take effect on January 1, April 1, July 1, or October 1, with certified copies delivered to the secretary of revenue at least 120 days prior to the effective date

The state retains 0.75% of collected local taxes to cover administration, enforcement, and collection costs, with remaining revenues distributed to the enacting jurisdictions within 75 days of each quarter

Municipal sales tax revenues are excluded from calculations determining eligibility for expenditure restraint incentive program payments, and the act takes effect July 1, 2026