71.275 – Rate changes.
71.275 Rate changes. If a rate under s. 71.27 changes during a taxable year, the taxpayer shall compute the tax for that taxable year by the methods applicable to the federal income tax under section 15 of the internal revenue code. History: 1989 a. 31.
71.25 – Situs of income; allocation and apportionment.
71.25 Situs of income; allocation and apportionment. For purposes of determining the situs of income under this section and s. 71.255 (5) (a) 1. and 2.: (1) Beneficiaries. The situs of income derived by any taxpayer as the beneficiary of the estate of a decedent or of a trust estate shall be determined as if […]
71.255 – Combined reporting.
71.255 Combined reporting. (1) Definitions. In this section: (a) “Combined group” means the group of all persons whose income and apportionment factors are required to be taken into account under sub. (2) to determine a member’s share of the net business income or loss apportionable to this state that is attributable to a unitary business. […]
71.26 – Income computation.
71.26 Income computation. (1) Exempt and excludable income. There shall be exempt from taxation under this subchapter income as follows: (a) Certain corporations. Income of corporations organized under ch. 185, except income of a cooperative health care association organized under s. 185.981, or of a service insurance corporation organized under ch. 613, that is derived […]
71.265 – Previously exempt corporations; basis and depreciation.
71.265 Previously exempt corporations; basis and depreciation. The Wisconsin adjusted basis of the property of any corporation that has, in any taxable year before it ceases to be exempt from tax under this chapter, taken depreciation or amortization of depreciable property for federal income tax purposes shall be the adjusted basis of that property as […]
71.27 – Rates of taxation.
71.27 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. 71.23 (2) and measured by Wisconsin net income shall be computed at the rate of 7.9 percent. History: 1987 […]
71.20 – Filing returns.
71.20 Filing returns. (1) Every partnership shall furnish to the department a true and accurate statement, on or before the date on which the partnership is required to file for federal income tax purposes, not including any extension, under the Internal Revenue Code, in the manner and form and setting forth the facts the department […]
71.21 – Computation.
71.21 Computation. (1) The net income of a partnership shall be computed in the same manner and on the same basis as provided for computation of the income of persons other than corporations. (2) The standard deduction shall not be allowed in computing the taxable income of a partnership. (3) The credits under s. 71.28 […]
71.22 – Definitions.
71.22 Definitions. In this chapter in regard to corporations and to nuclear decommissioning trust or reserve funds: (1b) “Aggregate effective tax rate” means the sum of the effective tax rates imposed by a state, U.S. possession, foreign country, or any combination thereof, on the person or entity. (1e) “Broadcaster” means a television or radio station […]
71.23 – Imposition of tax.
71.23 Imposition of tax. (1) Income tax. For the purpose of raising revenue for the state and the counties, cities, villages and towns, there shall be assessed, levied, collected and paid a tax as provided under this chapter on all Wisconsin net incomes of corporations that are not subject to the franchise tax under sub. […]