Wisconsin: The Badger State

Wisconsin is located in the northern United States. To get across the Canadian border, one has to go through either Michigan or Minnesota. The other neighboring states are Iowa to the west and Illinois to the south. The capital of the almost 170,000 kmĀ² large state is Madison. The Badger State is home to nearly 5.8 million people. According to ehuacom, the city with the largest population is Milwaukee, with a population of 600,000.

With a compelling combination of geography, natural resources, infrastructure and talent, Wisconsin is uniquely positioned to help businesses achieve their goals. Built on a strong work ethic that has made the state a leader in manufacturing and agriculture, Wisconsin is focused on excelling and expanding in key industries.

Wisconsin Location Map

CONTINUOUS DEVELOPMENT

Its location with access to abundant fresh water and natural resources has provided Wisconsin with an excellent starting point for industrial success. A business climate that encourages and rewards production and innovation, and a skilled workforce mean that the state is now at the forefront of technology-driven industries. Wisconsin is working to challenge convention, advance industry, and support businesses.

Wisconsin has managed not to give up its strong agricultural tradition, but to develop and expand it. Outstanding skills in the food and beverage industry are the result of this process.

Biotechnology discoveries continue to improve health and quality of life around the world. Investments have also been made in centers of excellence in water research, energy technology, connected systems and biohealth to address sustainable resource management challenges around the world.

HIGH INVESTMENTS IN RESEARCH AND DEVELOPMENT

Wisconsin is passionate about asking questions, testing limits, measuring results and making change happen. This is the driving force behind the world-class research and development work.

The culture of discovery is fueled with over a billion dollars a year invested in academic research and development. The state is committed to developing the technologies and innovations of tomorrow. Companies are given the best possible support, be it with talent, programs or contacts, so that they can achieve great things. In Wisconsin, it is partnerships between researchers, business and policymakers that underlie the greatest successes.

LEADERSHIP IN MANUFACTURING

The state succeeds in using its strengths in growing markets such as modern mechanical engineering or materials science. 16 percent of all workers in the state are employed in the manufacturing industry. This is the second highest concentration in the entire United States. The concentration of skilled workers is often three to four times higher than in competing countries.

Technological advances made by Wisconsin manufacturers in electrical, metal and more have shaped industry trends related to productivity and sustainability. The successes are essential for the local economy. In fact, 85 percent of Wisconsin’s exports are manufactured goods.

In addition, industry organizations and partners from the academic and public sectors strive to foster collaboration that accelerates the adoption of industry-leading innovations in Wisconsin. These factors, along with the low cost of living, make Wisconsin an ideal location for all types of manufacturing businesses.

INCOME TAX IN WISCONSIN

Wisconsin charges an income tax of 3.54 – 7.65% depending on income. In addition, federal income taxes are payable.

  • COUNTRYAAH: offers list of all counties in the state of Wisconsin. Also includes cities and towns within each county.

CORPORATE INCOME TAX IN WISCONSIN

Wisconsin collects a 7.9% corporate income tax. In addition, federal corporation tax is payable.

SALES TAX IN WISCONSIN

There is no sales tax or Value Added Tax (VAT) in the USA based on the European model. Instead, in the United States, states, counties, and municipalities levy a local sales tax on the sale of products (but not services).

Sales tax rate in Wisconsin

The sales tax in Wisconsin is 4% at the state level. Municipalities or districts charge an average of 1.34% sales tax. Combined, an average of 5.34% is due.

Wisconsin Nexus Laws & Sales Tax

Learn more about the Economic Nexus Laws in the context of Sales Tax here.

Effective Date

October 1, 2018

Transactions included:

Annual gross sales of tangible personal effects and services in the US states

Treatment of tax-exempt transactions:

Exempt Sales and Exempt Services are included in the threshold; Businesses that only make non-taxable sales in Wisconsin do not need to register for a sales tax account

Reason:

Sales Only (200 transaction threshold removed effective February 20, 2021)

Sales/Transactions Threshold:

$100,000 (200 transaction threshold removed effective February 20, 2021)

Evaluation period:

Previous or current calendar year (based on remote seller’s tax year for federal income tax purposes); prior to February 20, 2021, based on the remote seller’s tax year for federal income tax purposes.

Extra information:

  • Registration Requirements: A remote business must register and begin collecting Wisconsin sales tax once the Economic Nexus Threshold is crossed. See Remote Seller Registration and Pickup Dates formore information.
  • Information about remote sellers
  • Wisconsin ACT 368
  • Assembly Bill 2

Wisconsin Marketplace Sellers & Sales Tax

Learn more about Marketplace seller registration requirements

Effective date by the marketplace broker:

January 1, 2020

Economic Nexus Threshold:

Greater than $100,000 in state gross sales in the current or prior calendar year (a transaction threshold removed effective February 20, 2021). Remote sellers should include sales made through a marketplace when calculating the threshold.

Registration requirements:

  • Remote Multichannel Sellers: You must register with the Wisconsin Department of Revenue and collect Wisconsin sales tax on sales that are not taxed by a Marketplace Agent once you have crossed the Economic Nexus Threshold.
  • Remote Marketplace Vendors: No need to register even if you cross the Economic Nexus Threshold. To do this, contact the Wisconsin Department of Revenue for more information.
  • In-State Multichannel Sellers: You must register with the Wisconsin Department of Revenue and collect taxes on sales that are not taxed by a marketplace intermediary.
  • State Marketplace Sellers: You must register. Contact the Wisconsin Department of Revenue for more information.