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Retail group backs sales tax holidays

Retailers are getting behind a proposal to create a pair of sales tax holidays in Wisconsin.

The bill would suspend sales taxes for certain item during a weekend in August for back to school supplies and in November for Energy Star products. Scott Stenger with the Alliance of Wisconsin Retailers believes the plan could bring a big boost to the state's economy.

The state revenue department estimates the holidays would cost the state about $14.5 million a year in lost sales tax revenue. Stenger says similar holidays in other states have more than made up for what's lost on tax exempt items.

Critics of the bill argue that it's a costly gimmick that won't lead to increased sales.

posted : January, 14th by WHBY

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