(The Center Square) – Wisconsin general purpose tax collections were down 2.9% in March from a year ago, based on adjusted numbers from the state’s Department of Revenue.
Wisconsin remains 4.8% ahead of last fiscal year through the first nine months, collecting nearly $14.4 billion compared to $13.7 billion at this point a year ago.
A key indicator in the numbers remains sales and use taxes in the state. Those collections were down year-over-year in March with nearly $520 million collected compared to nearly $532 million in March 2024.
Wisconsin has collected $5.1 billion in sales and use taxes for the fiscal year compared to nearly $5.0 billion a year ago at the same point.
Individual income tax collections are up 7.7% for the fiscal year, corporate tax collections are up 3.2% and excise tax collections are down 4.6% for the fiscal year.
“Individual Income includes 53.9% of pass-thru withholding,” the Department of Revenue said. “Corporate Income includes the remaining 46.1%.”
