(The Center Square) – Wisconsin collected more than $1 billion in general purpose taxes in February, up 8% from the $942 million collected in 2024.
That made overall collections for the fiscal year $12.9 billion, up 5.7% from last fiscal year.
Wisconsin saw a 3.8% in sales and use taxes in February, collecting $560 million compared to $540 million a year before. Sales tax collections are $4.6 billion for the fiscal year compared to nearly $4.5 billion last fiscal year.
A large portion of the jump was an increase in individual income tax collections with $403 million in February compared to nearly $327 million a year before, amounting to a 23% increase.
“Individual Income includes 53.9% of pass-thru withholding,” The Wisconsin Department of Revenue noted. “Corporate Income includes the remaining 46.1%.”
Corporate tax collections were down nearly 75% in February but remain up 2.5% over the fiscal year.
Excise tax collections were down more than 6% in February from the year before and are down 4.4% for the fiscal year.
