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February tax collections down $51M year over year

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(The Center Square) – Wisconsin tax collections were down more than $51 million year over year in February after being roughly even in January.

The numbers come despite one more day this February than the year before.

Sales tax collections were up more than $3 million from a year before while individual income taxes were down nearly $72 million, corporate tax collections were up nearly $22 million and excise tax collections were down more than $4 million.

Overall, Wisconsin tax collections are down $13 million for the fiscal year with $12.2 billion collected compared to $12.3 billion last year.

Overall, Wisconsin collected $942 million in February after collecting $2.4 billion in January.

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