On February 17, 2026, Wisconsin lawmakers announced new taxation laws designed to increase state revenue and address budgetary concerns. The changes, which will go into effect starting next fiscal year, include adjustments to income tax rates, property taxes, and sales tax regulations.One of the key changes to the state's taxation laws is the adjustment of income tax rates. Under the new legislation, individuals earning over $250,000 annually will face a slight increase in their income tax rates, with the top bracket seeing an increase of 2%. This change is expected to generate an estimated $100 million in additional revenue for the state.In addition, property tax rates will also see a slight increase for homeowners with properties valued over $500,000. The increase in property taxes is aimed at addressing disparities in property valuations across the state and ensuring that all homeowners contribute their fair share to funding essential state services.Furthermore, sales tax regulations will be adjusted to include certain online transactions that were previously exempt from taxation. With the rise of e-commerce and online shopping, Wisconsin lawmakers believe that including online transactions in the state's sales tax regulations will help level the playing field for brick-and-mortar retailers and generate additional revenue for the state.Governor Tony Evers, who has been a vocal proponent of increasing state revenue through taxation, praised the new legislation, stating that it will help address budgetary concerns and ensure that essential services are adequately funded. However, opponents of the new taxation laws argue that they will place an undue burden on high-income earners and homeowners, potentially leading to a decrease in economic growth.Overall, the new taxation laws introduced in Wisconsin on February 17, 2026, signal a shift in the state's approach to generating revenue and addressing budgetary concerns. The changes aim to ensure that all taxpayers contribute their fair share to funding essential state services while also promoting economic growth and fairness in taxation.