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Wisconsin tax collections remain roughly even year over year in January

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(The Center Square) – Wisconsin was nearly even year-over-year on its tax collections in January and the state has collected 0.3% more taxes so far for the fiscal year than the year before, according to a report from the Department of Revenue.

Sales tax collections were up by nearly $14 million in January and $67 million year over year. The state has collected $3.9 billion this fiscal year.

Excise tax collections were down 9.6% in January and are down 6.0% for the fiscal year.

Corporate taxes were up 18.9% in January but are down 5.7% for the fiscal year.

Overall, Wisconsin collected nearly $2.4 billion in January and has collected nearly $11.3 billion for the fiscal year.

Last year, the state collected nearly $21 billion, a 2.1% increase from the $20.5 billion collected in financial year 2022.

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