WKBT La Crosse, WI-NewsChannel 8-Supreme Court Decision Blows Hole in Wisconsin Budget
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A Wisconsin Supreme Court decision has blown a $265-million hole in the state budget. The court ruled Friday the state was improperly collecting sales tax on customized computer software sales.
That means an estimated $265-million collected in taxes from companies over the years must be returned. Another $28-million that was planned to be collected this year won't have to be paid.
Lawmakers say they have about $100-million in extra revenue to cushion the money they won't be getting. But, now lawmakers need to decide how they're going to refund that money. "We should instead make sure that we can figure it out from within the state budget, find reductions and expenditures at the state if we need too, but figure out a way to do this without raising taxes," says Rep. Mike Huebsch, (R) Assembly Speaker.
The Supreme Court ruling is the result of a lawsuit brought by a corporation in Neenah, Wisconsin. The company argued the computer software it purchased was customized and not subject to sales tax. The Supreme Court agreed.
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