71.613 – Farmland preservation credit, 2010 and beyond.
71.613 Farmland preservation credit, 2010 and beyond. (1) Definitions. In this section: (a) “Agricultural use” has the meaning given in s. 91.01 (2). (b) “Claimant” means an owner, as defined in s. 91.01 (9), 2007 stats., of farmland, domiciled in this state during the entire taxable year to which the claim under this section relates, […]
71.54 – Computation of credit.
71.54 Computation of credit. (1) Household income. (a) 1985 and 1986. The amount of any claim filed in 1985 or 1986 and based on property taxes accrued or rent constituting property taxes accrued during the previous year is limited as follows: 1. If the household income was $7,400 or less in the year to which […]
71.55 – General provisions.
71.55 General provisions. (1) Application of credit against any liability. The amount of any claim otherwise payable under this subchapter may be applied by the department of revenue against any amount certified to the department under s. 71.93 or 71.935 or may be credited under s. 71.80 (3) or (3m). (2) Fee charge by lessor […]
71.57 – Purpose.
71.57 Purpose. The purpose of ss. 71.58 to 71.61 is to provide credit to owners of farmland which is subject to agricultural use restrictions, through a system of income or franchise tax credits and refunds and appropriations from the general fund. History: 1987 a. 312; 1991 a. 39; 2009 a. 28.
71.52 – Definitions.
71.52 Definitions. In this subchapter, unless the context clearly indicates otherwise: (1) “Claimant” means a person who has filed a claim under this subchapter and who was domiciled in this state during the entire calendar year to which the claim for credit under this subchapter relates. When 2 individuals of a household are able to […]
71.53 – Filing claims.
71.53 Filing claims. (1) Eligibility for credit. (a) Subject to the limitations provided in this subchapter and s. 71.80 (3) and (3m), a claimant may claim as a credit against Wisconsin income taxes otherwise due, Wisconsin property taxes accrued, or rent constituting property taxes accrued, or both. If the allowable amount of claim exceeds the […]
71.46 – Rates of taxation.
71.46 Rates of taxation. (1) The taxes to be assessed, levied and collected upon Wisconsin net incomes of corporations shall be computed at the rate of 7.9 percent. (2) The corporation franchise tax imposed under s. 71.43 (2) and measured by Wisconsin net income shall be computed at the rate of 7.9 percent. (3) The […]
71.47 – Credits.
71.47 Credits. (1) Community development finance credit. (a) Any corporation which contributes an amount to the community development finance authority under s. 233.03, 1985 stats., or to the housing and economic development authority under s. 234.03 (32) and in the same year purchases common stock or partnership interests of the community development finance company issued […]
71.48 – Payments of estimated taxes.
71.48 Payments of estimated taxes. Sections 71.29 and 71.84 (2) shall apply to insurers subject to taxation under this chapter. History: 1987 a. 312.
71.49 – General provisions.
71.49 General provisions. (1) Computation order. Notwithstanding any other provisions in this chapter, corporations computing liability for the tax under s. 71.43 (1) or (2) shall make computations in the following order: (a) Tax under s. 71.43 (1) or (2). (b) Manufacturing sales tax credit under s. 71.47 (3). (bb) Manufacturing investment credit under s. […]