spot_imgspot_img

Rep. Steffen pitches tax break for new parents

(The Center Square) – There is a plan at the Wisconsin Capitol to give new parents a bit of a break.

State Rep. David Steffen, R-Howard, is looking for support for a plan that would end the sales tax on things like diapers, baby wipes, and even car seats.

“[This] cut is meant to directly benefit young families and ease their financial burden. The cut would eliminate the sales tax on baby essentials needed for the care, safety and health of our kids,” Steffen said in a statement.

Steffen is calling his plan the Tiny Tots Tax Cut. Steffen says the tax breaks could save Wisconsin parents as much as $37 million a year.

“Things like diapers, wipes and car seats are all necessities when raising kids, and the costs quickly add up, especially in today’s economy. Our state needs to be looking for creative solutions to reduce the financial stress on young families,” Steffen said. “This proposal demonstrates my commitment to prioritizing the most vulnerable Wisconsinites.”

Several states have a variety of tax credits for new parents, and many other states exempt certain necessities from their sales taxes.

Steffen said Florida recently passed a sales tax exemption for these items, calling the legislation “family focused tax relief.”

That tax relief package “includes a permanent exemption for baby and toddler necessities such as strollers, cribs, diapers, and baby wipes. Additionally, the tax relief package includes two back-to-school sales tax holidays lasting 14 days each, two disaster preparedness sales tax holidays lasting 14 days each, and a freedom summer sales tax holiday on recreational items and children’s toys that will last from Memorial Day to Labor Day,” according to Florida Gov. Ron DeSantis’ office.

Steffen said he is hoping to get enough support to include his Tiny Tots Tax Credit in the new state budget. That budget is due to be finished by the end of the month.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Therapists file lawsuit challenging Louisiana’s speech restriction law

(The Center Square) — Two Baton Rouge based therapists...

Poll: Favorability of Trump, Harris on low end

(The Center Square) – As America heads through the...

Texas sues administration for not verifying voter registration citizenship info

Following Florida, Texas sued the Biden-Harris administration Tuesday after...

Some Wisconsin voters experience delay on first day of in-person voting

(The Center Square) – Several municipalities experienced slow processing...

Florida vote by mail numbers down 65% compared to 2016 election

(The Center Square) – Vote by mail numbers are...

Analysis: Tax reform will result in net tax liability decrease for most filers

(The Center Square) — An independent analysis of Gov....

More like this
Related

Therapists file lawsuit challenging Louisiana’s speech restriction law

(The Center Square) — Two Baton Rouge based therapists...

When federal judge will rule on Illinois’ gun ban challenge unclear

(The Center Square) – It’s now up to a...

Poll: Favorability of Trump, Harris on low end

(The Center Square) – As America heads through the...

Texas sues administration for not verifying voter registration citizenship info

Following Florida, Texas sued the Biden-Harris administration Tuesday after...